EURUSD confirms the breach – Analysis - 24-08-2017
Economies.com
2017-08-24 04:07AM UTC
The EURUSD pair settles above the breached bearish channel's resistance, getting positive support by the EMA50, which supports the continuation of the bullish trend scenario that depends on holding above 1.1724, noting that stochastic current negativity might force the price to provide some temporary sideways trading before resuming the expected rise.
Our waited targets begin at 1.1911 and extend to 1.2040, noting that breaking 1.1724 will push the price to test 1.1608 direct before any new attempt to rise.
Expected trading range for today is between 1.1704 support and 1.1911 resistance.
Expected trend for today: Bullish
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