EURUSD hits the first target – Analysis - 14-02-2018
Economies.com
2018-02-14 04:56AM UTC
The EURUSD pair opens today’s trading with clear bullish bias to touch our first target at 1.2390, waiting to breach this level to reinforce the chances of extending the bullish wave towards 1.2536 and confirm stopping the bearish correction that dominated the recent trades.
Therefore, our bullish overview will remain valid on the intraday and short term basis supported by moving above the EMA50, noting that holding above 1.2300 represents the first protecting factor to the continuation of the expected rise.
Expected trading range for today is between 1.2300 support and 1.2490 resistance.
Expected trend for today: Bullish
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