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The EURUSD gathers the positive momentum – Analysis - 11-02-2021
The EURUSD pair continues to fluctuate around 1.2130 level, noticing that stochastic gets rid of its negative momentum to reach the thresholds of the oversold areas, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which targets testing 1.2171 level initially, reminding you that breaching this level will extend the bullish wave to reach 1.2300.
On the other hand, we should note that breaking 1.2064 and holding below it will stop the expected rise and press on the price to achieve more bearish correction that its next target reaches 1.1976.
The expected trading range for today is between 1.2065 support and 1.2220 resistance.
The expected trend for today: Bullish
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