EURUSD attempts to breach – Analysis - 29-08-2018
Economies.com
2018-08-29 05:17AM UTC
The EURUSD pair hovers around 1.1705 level without managing to confirm breaching it until now, noting that stochastic current negativity makes the beaching mission harder, while the EMA50 keeps providing the positive support to the price.
Therefore, we will keep our bullish overview conditioned by the price stability above 1.1554, reminding you that the positive overview depends on the effect of the previously completed inverted head and shoulders’ pattern, which has positive targets that reach 1.1975.
Expected trading range for today is between 1.1600 support and 1.1800 resistance.
Expected trend for today: Bullish
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