The EURUSD achieves strong gains – Analysis - 02-12-2020

Economies.com
2020-12-02 04:54AM UTC

The EURUSD pair shows more bullish rally to reach the thresholds of 1.2100 barrier, which supports the continuation of the bullish trend scenario on the short term and medium term basis, and the way is open to achieve our next waited target at 1.2150, waiting for more rise in the upcoming sessions.

 

The EMA50 continues to support the suggested bullish wave, which will remain valid and active unless breaking 1.2011 level and holding below it.

 

The expected trading range for today is between 1.2000 support and 1.2180 resistance.

 

The expected trend for today: Bullish

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