The EURUSD keeps achieving gains – Analysis - 04-12-2020
Economies.com
2020-12-04 05:19AM UTC
The EURUSD pair provided more positive trades yesterday and surpassed 1.2150 to hint heading to achieve more rise in the upcoming period, paving the way to head towards our next positive target that reaches 1.2300.
Therefore, we will continue to suggest the bullish trend on the intraday and short term basis, taking into consideration that the continuation of the bullish wave requires holding above 1.2040, as breaking this level will press on the price to start correctional bearish wave before resuming the main bullish trend again.
The expected trading range for today is between 1.2050 support and 1.2240 resistance.
The expected trend for today: Bullish
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