EURUSD tests the moving average – Analysis - 12-10-2018

2018-10-12 04:09:25 GMT (Economies.com)
EURUSD tests the moving average – Analysis - 12-10-2018
 

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

 
 
 
  Symbol Last Change Chg.%
1.1305
-0.0092
0.8081%
1.2587
-0.0116
0.9120%
14.564
-0.057
0.386%
51.211
-1.034
1.980%
60.23
-1.17
1.91%
1238.250
-9.790
0.784%
 
 
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