EURUSD keeps its positive stability – Analysis - 22-11-2017
Economies.com
2017-11-22 04:50AM UTC
The EURUSD pair settles above the key support 1.1679, which keeps our bullish overview valid until now, supported by the EMA50 and stochastic positivity, reminding you that we are waiting to breach 1.1855 to ease the mission of extending the bullish wave towards our first main target at 1.2100.
Note that markets are waiting the FOMC minutes of meeting later tonight, which interprets the reasons of the sideways and tight trading in the previous sessions, taking into consideration that breaking 1.1679 will stop the suggested positive scenario and push the price to return to the correctional bearish track again.
Expected trading range for today is between 1.1660 support and 1.1850 resistance.
Expected trend for today: Bullish
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