The EURUSD approaches the target – Analysis - 18-08-2020
Economies.com
2020-08-18 03:41AM UTC
The EURUSD pair opens today’s trading with clear positivity to approach our first waited target at 1.1908, getting continuous positive support by the EMA50, waiting to surpass this level to confirm extending the bullish wave towards 1.2035 that represents our next main target.
Therefore, we will continue to suggest the bullish trend for the upcoming period, taking into consideration that breaking 1.1845 might press on the price to decline and visit 1.1737 areas again before any new positive attempt.
The expected trading range for today is between 1.1800 support and 1.1990 resistance.
The expected trend for today: Bullish
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