EURUSD tests the critical support – Analysis - 25-09-2017

The EURUSD pair opens today's trading with bearish gap to test the key support 1.1915, and the main bullish trend line managed to protect the price from suffering more losses, to keep the chances valid to continue the bullish trend in the upcoming period, especially that stochastic reaches the oversold areas and begins to provide positive overlapping signal on the four hours' time frame.

Therefore, we will be waiting for positive trading today conditioned by the price stability above 1.1915, noting that breaching 1.1973 will reinforce the expectations of heading towards our positive targets that begin at 1.2100 and extend to go further towards 1.2300 after breaching the previous level.

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

Expected trend for today: Bullish