EURUSD negotiates the resistance – Analysis - 31-08-2018
Economies.com
2018-08-31 03:33AM UTC
The EURUSD pair shows more attempts to breach 1.1705 level without managing to hold above it, which shows the need to get enough positive momentum to push the price to confirm breaching the mentioned level and open the way to continue the bullish trend.
Until now, the positive effect of the inverted head and shoulders’ pattern still active, which its full target reaches 1.1975, but we should note that breaking 1.1554 will stop the expected rise and push the price to test 1.1443 level initially.
Expected trading range for today is between 1.1580 support and 1.1770 resistance.
Expected trend for today: Bullish
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