The EURUSD gathers the positive momentum – Analysis - 14-08-2020
Economies.com
2020-08-14 04:24AM UTC
The EURUSD pair settles at the EMA50 now, noticing that stochastic gets rid of its negative momentum to reach the oversold areas, waiting to motivate the price to resume the main bullish trend, which its next target located at 1.1908.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period, reminding you that the continuation of the bullish wave depends on the price stability above 1.1737, as breaking it will press on the price to achieve additional bearish correction that its next target reaches 1.1632.
The expected trading range for today is between 1.1737 support and 1.1908 resistance.
The expected trend for today: Bullish
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