The EURUSD gathers the positive momentum – Analysis - 16-04-2021
Economies.com
2021-04-16 01:11AM UTC
The EURUSD pair finds difficulty to hold above 1.1975 level, to show some slight bearish bias, noticing that stochastic begins to provide positive signals on the four hours’ time frame, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which its next target located at 1.2064.
On the other hand, we should note that breaking 1.1940 will press on the price to decline towards 1.1880 before any new attempt to rise.
The expected trading range for today is between 1.1900 support and 1.2060 resistance.
The expected trend for today: Bullish
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