The EURUSD is stable – Analysis - 10-04-2019
Economies.com
2019-04-10 03:53AM UTC
The EURUSD pair did not show any strong move yesterday, to remain stable above 1.1235 level, thus, no change to the temporary bullish trend scenario, which targets 1.1350 level and might extend to 1.1443 before turning back to decline again.
We should note that stochastic approaches the overbought areas now, besides that the EMA50 forms negative pressure against the price, which might push the price to trade negatively in the upcoming sessions, taking into consideration that breaking 1.1235 followed by 1.1180 levels will stop the expected rise and push the price to decline again.
The expected trading range for today is between 1.1180 support and 1.1350 resistance.
The expected trend for today: Bullish temporarily
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