The EURUSD consolidates above the support – Analysis - 14-05-2021

2021-05-14 04:47:44 GMT (Economies.com)
 

The EURUSD pair kept its stability above 1.2064 level, and begins providing positive trades in attempt to move away from the mentioned level, which makes us suggest witnessing bullish bias today, targeting testing 1.2170 initially.

 

Therefore, the bullish bias will be expected for the upcoming sessions, noting that breaching 1.2090 will ease the mission of achieving the expected rise, while breaking 1.2064 represents negative factor that will press on the price to turn to decline and visit 1.1976 initially.

 

The expected trading range for today is between 1.2000 support and 1.2170 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1851
0.0063
0.5357%
1.3900
0.0103
0.7500%
Tadawul
10933.73
22.68
0.21%
24.976
-0.235
0.934%
72.409
0.768
1.072%
74.74
0.31
0.42%
1807.680
5.545
0.308%
 
 
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