The EURUSD begins positively – Analysis - 16-02-2021
Economies.com
2021-02-16 05:11AM UTC
The EURUSD pair opens today’s trading with bullish bias after the weak trades that it witnessed yesterday, to keep approaching our first target at 1.2173, getting continuous support by the EMA50, while stochastic overlaps positively now.
Therefore, we believe that the chances valid to continue the rise in the upcoming sessions, waiting to breach the mentioned level to confirm opening the way to head towards 1.2300, reminding you that it is important to hold above 1.2064 to continue the expected rise.
The expected trading range for today is between 1.2080 support and 1.2240 resistance.
The expected trend for today: Bullish
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