EURUSD draws positive formation – Analysis - 18-09-2017

The EURUSD pair ended last week above 1.1915 level, which forms positive factor that supports the chances of the return to the main bullish trend and stop the bearish correction that dominated the recent trading, and by taking a deeper look at the chart, we find that the price draws bullish pattern that its confirmation line located at 1.1985, which means that breaching this level will confirm completing the positive pattern and push the price to achieve gains on the short term basis.

Therefore, these factors encourage us to suggest the bullish trend in the upcoming sessions, and the main targets begins at 1.2100 and extend to 1.2300, noting that breaking 1.1915 will put the price under the correctional bearish pressure again.

Expected trading range for today is between 1.1865 support and 1.2069 resistance.

Expected trend for today: Bullish