EURUSD tests the moving average – Analysis - 12-10-2018
Economies.com
2018-10-12 04:09AM UTC
The EURUSD pair continues to rise to start testing the EMA50 that forms intraday resistance at 1.1605, waiting to surpass this level to ease the mission of heading towards our main waited target at 1.1705.
Stochastic continues to rise to support the positive overview, which keeps the bullish trend scenario valid for today conditioned by the price stability above 1.1525 and the most important above 1.1443.
Expected trading range for today is between 1.1525 support and 1.1705 resistance.
Expected trend for today: Bullish
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