The EURUSD heads to recover – Analysis - 11-03-2021
Economies.com
2021-03-11 04:51AM UTC
The EURUSD pair breached the bearish channel’s resistance that appears on the chart and settles above it now, which stop the recently suggested negative scenario and leads the price to achieve expected rise in the upcoming sessions, targeting testing 1.1976 level initially, noting that breaching this level will extend the bullish wave to reach 1.2064.
Therefore, the bullish trend will be suggested unless breaking 1.1888 level and holding with a daily close below it.
The expected trading range for today is between 1.1860 support and 1.2020 resistance.
The expected trend for today: Bullish
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