EURUSD gets a positive close – Analysis - 20-11-2018
Economies.com
2018-11-20 03:58AM UTC
The EURUSD pair closed the daily candlestick above 1.1443 level, to activate the bullish trend scenario on the intraday and short term basis, waiting to target 1.1550 level as a next main station.
The price needs to surpass the EMA50 that forms good resistance at 1.1465 to confirm the continuation of the rise in the upcoming sessions, as failing to breach this level followed by breaking 1.1443 will stop the positive scenario and push the price to decline again.
Expected trading range for today is between 1.1370 support and 1.1550 resistance.
Expected trend for today: Bullish
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