Midday update for the EURUSD 14-04-2021

Economies.com
2021-04-14 08:50AM UTC

The EURUSD pair succeeded to touch our waited target at 1.1975 and settles there, waiting for more rise to breach this level and confirm extending the bullish wave towards our next target that reaches 1.2064.

 

Therefore, the bullish trend will remain active for today, supported by the EMA50, noting that failing to achieve the required breach will press on the price to test 1.1880 areas again before any new attempt to rise.

 

The expected trading range for today is between 1.1880 support and 1.2040 resistance.

 

The expected trend for today: Bullish

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