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EURUSD keeps its positive stability – Analysis - 29-03-2018
The 1.2304 level managed to hold against the decline that the EURUSD pair witnessed yesterday, to start today with calm positivity that hints heading to resume the main bullish trend, which supports the chances of achieving expected gains in the upcoming period, waiting to head towards 1.2536 that represents our next main target.
Stochastic shows oversold signals to support the expected rise, reminding you that breaking 1.2304 will put the price under more negative pressure and target 1.2160 areas before any new attempt to rise.
Expected trading range for today is between 1.2250 support and 1.2430 resistance.
Expected trend for today: Bullish
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The EURUSD pair ends today’s trading with clear negativity to trade at the key support 1.2304, which urges caution from the upcoming trading, as confirming breaking this level will stop the recently suggested rise and push the price to decline towards .2160 as a next main station.
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