The EURUSD gathers the positive momentum – Analysis - 22-10-2019
Economies.com
2019-10-22 04:47AM UTC
The EURUSD pair fluctuates near 1.1150 level, noticing that stochastic gets rid of its negative momentum to reach the oversold level, waiting for resuming the bullish bias in the upcoming sessions, where the price needs to breach 1.1180 level to confirm the extension of the bullish wave towards 1.1280.
Therefore, we will keep preferring the bullish trend on the intraday and short term basis, conditioned by holding above 1.1060 level.
The expected trading range for today is between 1.1060 support and 1.1250 resistance.
The expected trend for today: Bullish
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