EURUSD gets the positive momentum – Analysis - 04-09-2018

The tight range dominated the EURUSD pair’s trades as suggested yesterday, fluctuating around 1.1600 barrier now, noticing that stochastic managed to get rid of its negativity and reach the oversold areas, waiting to motivate the price to rebound bullishly to resume the bullish trend, which its first target represented by testing 1.1705 level.

Therefore, the bullish trend will remain suggested in the upcoming sessions conditioned by the price stability above 1.1554, reminding you that breaching 1.1705 will open the way to head towards our next main target that reaches 1.1975.

Expected trading range for today is between 1.1500 support and 1.1705 resistance.

Expected trend for today: Bullish