EURUSD resumes rising – Analysis - 05-09-2018
Economies.com
2018-09-05 04:30AM UTC
The EURUSD pair bounced upwards clearly after testing 1.1554 level yesterday, to trade above 1.1600 barrier now, reinforcing the expectations of continuing the overall bullish trend, which its targets begin by testing 1.1705 level, reminding you that breaching this level will open the way to extend the pair’s gains to reach 1.1975 on the near term basis.
Therefore, we will keep our bullish overview for today conditioned by the price stability above 1.1554.
Expected trading range for today is between 1.1520 support and 1.1705 resistance.
Expected trend for today: Bullish
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