EURUSD leans on the support – Analysis - 19-02-2018

The EURUSD pair tested the key support 1.2390 on last Friday and kept its stability above it, to start bouncing bullishly in attempt to resume the main bullish trend, as we notice that the EMA50 meets the mentioned level to add more strength to it, while stochastic shows positive signals on the four hours’ time frame.

Therefore, these factors encourage us to continue suggesting the overall bullish trend conditioned by holding above 1.2390 level, as breaking it will push the price to visit 1.2300 areas before any new attempt to rise, while the positive targets begin at 1.2536 and extend to 1.2770 after breaching the previous level.

Expected trading range for today is between 1.2360 support and 1.2536 resistance.

Expected trend for today: Bullish