Midday update for EURUSD 20-04-2018
Economies.com
2018-04-20 10:45AM UTC
The EURUSD pair shows more decline to push on the key support 1.2304, which urges caution from the upcoming trading, as holding below it will push the price to suffer more losses and target 1.2160 areas before any new attempt to rise.
Stochastic shows clear oversold signals now, to support the chances of bouncing bullishly and resume the main bullish trend, which depends on holding above the mentioned level, while its targets begin by breaching 1.2375 level to open the way to head towards 1.2536 as a next station.
Expected trading range for today is between 1.2270 support and 1.2440 resistance.
Expected trend for today: Bullish
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