EURUSD returns to rise – Analysis - 20-03-2018

Economies.com
2018-03-20 04:29AM UTC

The EURUSD pair ended yesterday’s trading above 1.2304 level, hinting the price head to regain the main bullish trend again, especially after surpassing the EMA50 and holding above it, waiting for more rise to visit 1.2536 level that represents our next positive target.

 

Therefore, the bullish trend will be expected in the upcoming sessions unless breaking 1.2304 level and holding below it again.

 

Expected trading range for today is between 1.2260 support and 1.2450 resistance.

 

Expected trend for today: Bullish

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