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EURUSD gathers the positive momentum – Analysis - 22-01-2018
The EURUSD pair returned to decline to test the key support base that rises now to 1.2215, accompanied by stochastic reach to the oversold areas, while the EMA50 provides continuous positive support to the price.
Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming sessions, as our main targets begin at 1.2340 and extend to 1.2500 after breaching the previous level, noting that breaking 1.2215 followed by 1.2165 levels will put the price under negative pressure that targets 1.2000 and might extend to 1.1920 areas before any new attempt to rise.
Expected trading range for today is between 1.2165 support and 1.2340 resistance.
Expected trend for today: Bullish
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