The EURUSD begins positively – Analysis - 17-08-2020

Economies.com
2020-08-17 03:56AM UTC

The EURUSD pair opens today’s trading with bullish bias to resume the recently suggested bullish track, which supports the continuation of the bullish trend scenario on the intraday and short term basis, waiting to test 1.1908 that represents our next target, noting that breaching this level will extend the bullish wave to reach 1.2035 as a next main station.

 

The EMA50 keeps supporting the suggested bullish wave, which will remain valid conditioned by the price stability above 1.1800 and the most important above 1.1737.

 

The expected trading range for today is between 1.1780 support and 1.1950 resistance.

 

The expected trend for today: Bullish

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