The EUR / USD pair is trading slightly higher today in an attempt to stay away from pivotal support 1.2390, and the pair is getting steady positive support from SMA 50, keeping chances open for a continuation of the overall bullish trend.
Therefore, we will maintain our positive outlook for the day unless 1.2390 is broken and stability below it, as breaching it will press the price to extend the downside correction targeting the 1.2300 area initially, while the price needs to breach 1.2536 to confirm the rally towards 1.2700 which represents our next target.
The trading range for today is expected among the support at 1.2390 and the resistance at 1.2550
The general trend for today is bullish
