The EURUSD confirms the breach – Analysis - 29-05-2020
Economies.com
2020-05-29 04:29AM UTC
The EURUSD pair succeeded to confirm breaching 1.1067 after closing the daily candlestick above it, confirming the continuation of the bullish trend for the upcoming period, and the price needs to surpass the bullish channel’s resistance that appears on the chart to open the way to head towards our next positive station at 1.1170.
The EMA50 supports the suggested bullish wave, noting that breaking 1.1067 and holding below it will put the price under intraday negative pressure that targets testing 1.0966 areas initially before any new attempt to rise.
The expected trading range for today is between 1.1000 support and 1.1170 resistance.
The expected trend for today: Bullish
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