EURUSD attempts to consolidate above the support – Analysis - 04-02-2019
Economies.com
2019-02-04 04:51AM UTC
The EURUSD pair settles at the key support 1.1443, and as we mentioned in our recent reports, the price needs to hold above this level to keep the bullish trend scenario valid for the upcoming period, which targets 1.1550 followed by 1.1705 as next main stations.
The EMA50 keeps supporting the price from below, to keep the positive scenario valid for today, taking into consideration that breaking 1.1443 and holding below it will press on the price to decline towards areas that start at 1.1355 and extend to 1.1181 after breaking the previous level.
Expected trading range for today is between 1.1355 support and 1.1550 resistance.
Expected trend for today: Bullish
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