The EURUSD gathers the positive momentum – Analysis - 20-10-2021

2021-10-20 04:16:49 GMT (Economies.com)
 

The EURUSD pair begins to provide positive trades now, in attempt to resume the expected bullish trend for the upcoming period, as stochastic managed to get rid of the negative momentum and gain positive momentum that we are waiting to assist to push the price to achieve gains in the upcoming sessions, noting that we need to breach 1.1670 to confirm heading towards 1.1760 as a next target.

 

Therefore, we will keep our bullish overview unless breaking 1.1525 and holding below it.

 

The expected trading range for today is between 1.1570 support and 1.1720 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1346
-0.0058
0.5127%
1.3554
-0.0103
0.7569%
Tadawul
12238.77
-35.50
0.29%
24.347
1.336
5.803%
84.900
1.031
1.229%
87.69
-0.69
0.78%
1834.610
14.150
0.777%
 
 
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