EURUSD resumes rising – Analysis - 14-03-2018

Economies.com
2018-03-14 04:54AM UTC

The EURUSD pair settles around 1.2400 barrier after the strong rise that it witnessed yesterday, and it might be forced for some sideways fluctuation until managing to get enough positive momentum to push the price to continue rising.

 

In general, we will continue to suggest the bullish trend on the intraday and short term basis as long as 1.2304 remains intact, noting that we need to test the recently recorded top at 1.2536 as a next main station.

 

Expected trading range for today is between 1.2300 support and 1.2500 resistance.

 

Expected trend for today: Bullish

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