EURUSD affected by the negative momentum – Analysis - 25-09-2018

The EURUSD pair returns to test the key support 1.1705 after the bullish rally that it witnessed yesterday, noticing that the EMA50 continues to support the price from below, to protect trading inside the intraday bullish channel that appears on the chart, while stochastic current negativity interprets the reasons of the recent bearish bias.

Until now, the bullish trend still suggested as long as the price is above 1.1705 level, reminding you that breaching 1.1800 is required to confirm rallying towards 1.1975 that represents our next target, noting that breaking 1.1705 will push the price to achieve negative targets that start at 1.1600 and extend to 1.1443.

Expected trading range for today is between 1.1660 support and 1.1840 resistance.

Expected trend for today: Bullish