EURUSD confirms the breach – Analysis - 20-09-2017

The EURUSD pair confirmed breaching 1.1973 level after closing the daily candlestick above it, and by taking a deeper look at the chart, we find that the price completed forming inverted head and shoulders' pattern that its signs appear on chart, which means that the price has positive motive that we expect to assist to push trading towards our positive targets that begin at 1.2100 and extend to 1.2300.

Therefore, the bullish trend will remain valid and active for the upcoming sessions supported by the EMA50, taking into consideration that holding above 1.1915 represents key condition to achieve the suggested targets.

Expected trading range for today is between 1.1950 support and 1.2120 resistance.

Expected trend for today: Bullish