EURUSD needs strong positive motive – Analysis - 19-09-2018

Economies.com
2018-09-19 03:55AM UTC

The EURUSD pair continues the attempts to breach 1.1705 level without managing to hold above it, while the EMA50 keeps supporting the price from below, which keeps the chances valid to continue the expected bullish trend in the upcoming period, which its next main targets located at 1.1800 and extend to reach 1.1975.

 

On the other hand, we should note that breaking 1.1620 followed by 1.1554 levels will stop the expected rise and push the price to achieve negative targets that start at 1.1443.

 

Expected trading range for today is between 1.1600 support and 1.1760 resistance.

 

Expected trend for today: Bullish

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