EUR USD gets some positive momentum – Analysis - 24/04/2014
Economies.com
2014-04-24 05:27AM UTC
The EUR USD pair keeps fluctuating around the EMA50, while Stochastic provides positive signals now, we are waiting for this signal to motivate resuming the bullish trend again, and breaching 1.3850 is required to confirm the bullish trend continuation in the upcoming period.
Our main targets begin at 1.4000, and breaching this level will extend the EURUSD gains to 1.4185, and you should be aware that holding above 1.3780 is important for the continuation of the suggested positive scenario, where breaking it will push the price to visit 1.3720 then 1.3660 before it attempts to rise again.
Expected trading range for today is between: 1.3750 support and 1.3950 resistance.
Expected trend for today: Bullish
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