EURUSD gets the positive momentum – Analysis - 21-04-2017

Economies.com
2017-04-21 03:57AM UTC

The EURUSD pair could not manage to hold for long time above 1.0731 level, to settle below this level again, noticing that stochastic reaches the oversold levels to form positive factor that we are waiting to assist to push the price to rise again.

 

Therefore, we will continue to suggest the bullish trend in the upcoming sessions, and breaching 1.0731 level will push the price towards 1.0852 direct, noting that breaking 1.0675 will push the price to test 1.0581 again before any new attempt to rise.

 

Expected trading range for today is between 1.0645 support and 1.0852 resistance.

 

Expected trend for today: Bullish

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