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The EURUSD faces solid resistance – Analysis - 18-12-2019
The EURUSD pair reached 1.1180 level yesterday and bounced downwards clearly from there, to test the intraday bullish channel’s support line, noticing that the EMA50 continues to provide the positive support to the price, waiting to assist to push the price to breach the mentioned level and open the way to visit 1.1280 level that represents our next target.
Therefore, we will keep our bullish overview for the upcoming period unless breaking 1.1108 level and holding below it.
The expected trading range for today is between 1.1080 support and 1.1230 resistance.
The expected trend for today: Bullish
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