End of day analysis for EURUSD 11-08-2017
Economies.com
2017-08-11 18:29PM UTC
EURUSD pair rallied upwards strongly to breach 1.1815 level and settles above it, attempting to confirm the return above the previously broken intraday bullish trend line that appears on chart, which hints the price head to return to the main bullish trend again and stop the correctional bearish bias that dominated the previous trading, which urges caution from the upcoming trading.
Breaching 1.1845 will confirm the continuation of the bullish trend towards 1.1911 followed by 1.2040 levels, while holding against the current rise will push the price to test 1.1724 level again.
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