EURUSD begins to recover – Analysis - 22-05-2018

Economies.com
2018-05-22 01:12AM UTC

The EURUSD pair traded with clear positivity by yesterday’s end to close the daily candlestick above 1.1785, starting today with slight bullish bias that hints heading towards achieving gains on the intraday basis, making the bullish trend suggested for today, and the first main target is represented by testing 1.1929.

 

We should note that failing to hold above 1.1785 will push the pair to decline again and head towards 1.1700 as a next negative station.

 

Expected trading range for today is between 1.1700 support and 1.1900 resistance.

 

Expected trend for today: Bullish

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