EURUSD begins positively – Analysis - 13-09-2017

Economies.com
2017-09-13 03:43AM UTC

The EURUSD pair opens today's trading with bullish bias in attempt to breach 1.1974 level, which supports the expectations of resuming the main bullish trend, which was stopped recently for some bearish correction, as the price gets continuous positive support by the EMA50, waiting to head towards 1.2100 initially.

 

Therefore, the bullish trend scenario will remain valid and active for today conditioned by holding above 1.1915, as breaking this level will push the price to extend its bearish correction towards 1.1820 before any new attempt to rise.

 

Expected trading range for today is between 1.1900 support and 1.2080 resistance.

 

Expected trend for today: Bullish

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