The EURUSD approaches the target – Analysis - 24-06-2021
Economies.com
2021-06-24 04:23AM UTC
The EURUSD pair reached few pips away from our waited target at 1.1975 and bounced bearishly from there, to test the intraday bullish channel’s support line, noticing that stochastic got rid of its negative momentum to reach the oversold areas, waiting to motivate the price to resume the bullish trend and breach the mentioned level to open the way to visit 1.2064 as a next target.
Therefore, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 1.1888.
The expected trading range for today is between 1.1860 support and 1.2010 resistance.
The expected trend for today: Bullish
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