EURUSD approaches the support – Analysis - 20-04-2018
Economies.com
2018-04-20 03:53AM UTC
The EURUSD pair provided negative trades yesterday to settle around the EMA50, accompanied by stochastic reach to the oversold areas, forming positive motive that we are waiting to push the price to rise again.
Until now, the bullish trend scenario still valid unless breaking 1.2304 level and holding below it, as breaking it will push the price to decline towards .2160 before any new attempt to rise, while breaching 1.2375 represents the key to rally towards our main waited target at 1.2536.
Expected trading range for today is between 1.2270 support and 1.2440 resistance.
Expected trend for today: Bullish
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