EURUSD retests – Analysis - 13-10-2017
Economies.com
2017-10-13 03:52AM UTC
The EURUSD pair retests 1.1817 that turns into key support base after breaching it previously, accompanied by stochastic entering the oversold areas, while the EMA50 meets the mentioned support to add more strength to it.
Therefore, these factors encourage us to continue suggesting the bullish trend on the intraday and short term basis, which targets 1.2100 followed by 1.2300 levels as next main stations, noting that breaking 1.1817 will push the price to test 1.1679 areas again before detecting the next destination on the short term basis.
Expected trading range for today is between 1.1770 support and 1.1950 resistance.
Expected trend for today: Bullish
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