The EURUSD crawls upwards – Analysis - 11-04-2019

Economies.com
2019-04-11 04:22AM UTC

The EURUSD pair continues to rise calmly to approach the EMA50 now, and we still suggest achieving more intraday gains to test 1.1350 initially, depending on the price stability above 1.1235 as a first condition, noting that breaching the mentioned target will push the price towards 1.1443 as a next main station.

 

We should note that breaking 1.1235 followed by 1.1180 levels will stop the expected rise and press on the price to resume the short term bearish trend, which its next target located at 1.1100.

 

The expected trading range for today is between 1.1200 support and 1.1360 resistance.

 

The expected trend for today: Bullish temporarily

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