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EURUSD closes at the resistance – Analysis - 21-12-2018
The EURUSD pair ended yesterday’s trading exactly at the key level 1.1443, which makes us continue with our neutrality until the price confirms its situation according to this level and detect its destination clearly, noting that the contradiction between the positivity of moving above the EMA50 and stochastic negativity provides another reason for neutrality.
We remind you that holding above 1.1443 will push the price to turn to rise and achieve positive targets that begin at 1.1550 and extend to 1.1705, while settling below it again will push us back to the bearish trend that targets 1.1300 level initially.
Expected trading range for today is between 1.1330 support and 1.1550 resistance.
Expected trend for today: Neutral
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