The EURTRY formed some sideways fluctuations recently due to stochastic decline near 50 level, to postpone the bullish attack and approach the minor bullish channel’s support line at 17.9650.
The stability of the mentioned support allows us to wait to gain the additional positive momentum to assist to activate the bullish track that might target 18.4430 level initially, followed by reaching 18.8100 in the medium term period.
The expected trading range for today is between 18.1000 and 18.4430
The expected trend for today: Bullish