Midday update for EURUSD 19-01-2018
Economies.com
2018-01-19 11:51AM UTC
The EURUSD pair confirmed breaching the bullish flag's resistance after closing the last four hours' candlestick above it, which supports the continuation of our bullish overview for the rest of the day, as it gets positive motive that we are waiting to assist to push the price towards our first target at 1.2340.
We remind you that breaching the targeted level will extend the bullish wave towards 1.2500 as a next station, while the price needs to hold above 1.2165 to guarantee achieving the waited targets.
Expected trading range for today is between 1.2200 support and 1.2370 resistance.
Expected trend for today: Bullish
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