The EURUSD begins positively – Analysis - 27-02-2020

Despite the daily close below 1.0887, the EURUSD pair begins today with new bullish bias to breach this level and settles above it, which hints the price continuous attempts to achieve more bullish correction, supported by stochastic positivity.

Now, we prefer staying aside until the price confirms its situation according to the above mentioned level, noting that holding above it will lead the price to achieve additional positive targets that start at 1.0954 and might extend to 1.1008, while trading below 1.0887 again will reactivate the main bearish trend scenario that its next targets located at 1.0760 followed by 1.0680.

The expected trading range for today is between 1.0830 support and 1.0985 resistance.

The expected trend for today: Neutral