The EURUSD gets a positive signal – Analysis - 31-03-2020
Economies.com
2020-03-31 04:46AM UTC
The EURUSD pair hovers around the intraday bullish channel’s support line, keeping its stability above 1.0966, noticing that stochastic provides positive overlapping signal now, which forms positive motive that we expect to assist to push the price to resume the bullish trend, which its targets begin by surpassing 1.1067 to confirm rallying towards 1.1170 as a next positive station.
Therefore, we will continue to suggest the bullish trend for the upcoming period supported by the EMA50, noting that breaking 1.0966 will stop the suggested rise and presses on the price to return to the main bearish track again.
The expected trading range for today is between 1.0960 support and 1.1170 resistance.
The expected trend for today: Bullish
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