The EURUSD breaches the resistance – Analysis - 30-09-2020
Economies.com
2020-09-30 03:41AM UTC
The EURUSD pair confirmed breaching 1.1720 level after closing the daily candlestick above it, which leads the price to achieve more expected gains in the upcoming sessions, on its way to achieve positive targets that start by testing 1.1790 and extend further towards 1.2011 areas after surpassing the previous level.
Therefore, the bullish trend will remain expected for today, supported by moving above the EMA50, noting that failing to breach 1.1790 and bouncing bearishly to break 1.1720 will stop the suggested rise and press on the price to return to the correctional bearish track again.
The expected trading range for today is between 1.1680 support and 1.1850 resistance.
The expected trend for today: Bullish
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