EURUSD within tight range – Analysis - 30-09-2016
Economies.com
2016-09-30 03:32AM UTC
The EURUSD pair shows more sideways and tight trading around the EMA50, which pushes stochastic to get rid of its negativity and gain the positive momentum gradually on the four hours' time frame, which supports the chances of bouncing bullishly to resume the main bullish trend in the upcoming period, which its main targets begin at 1.1356.
In general, we will continue to suggest the bullish trend on the intraday and short term basis conditioned by the price stability above 1.1196, reminding you that breaching the targeted level will extend the pair's gains to reach 1.1615 level as a next main station.
Expected trading range for today is between 1.1140 support and 1.1356 resistance.
Expected trend for today: Bullish
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