EURUSD achieves the target – Analysis - 28-08-2018
Economies.com
2018-08-28 04:20AM UTC
The EURUSD pair shows some slight bearish bias after reaching our main waited target at 1.1705, affected by stochastic negativity, and it might be forced for new retest to the previously breached resistance of the bearish channel that appears on the chart before turning back to rise again.
In general, we will continue to suggest the bullish trend in the upcoming period conditioned by the price stability above 1.1554, reminding you that the price is affected by the inverted head and shoulders’ pattern that was completed previously, which has positive targets that reach 1.1975.
Expected trading range for today is between 1.1600 support and 1.1770 resistance.
Expected trend for today: Bullish
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