EURUSD recovers – Analysis - 22-09-2017

The EURUSD pair confirmed breaching 1.1915 level after closing the daily candlestick above it, starting today with calm bullish bias to approach from the key resistance 1.1973, and as we mentioned in our recent reports, breaching this level will confirm the continuation of the bullish trend in the upcoming period.

Therefore, we suggest witnessing more rise on the intraday and short term basis after the bearish correction stopped at 50% Fibonacci level at 1.1865, to start the positive targets at 1.2100 and extend to 1.2300 after breaching the previous level, taking into consideration that holding above 1.1915 represents key condition to achieve the suggested targets.

Expected trading range for today is between 1.1880 support and 1.2069 resistance.

Expected trend for today: Bullish