The EURUSD needs a strong positive motive – Analysis - 17-12-2019
Economies.com
2019-12-17 05:48AM UTC
The EURUSD pair shows sideways trading since yesterday, keeping its stability above 1.1108 level, noticing that the price moves inside new intraday bullish channel that supports the chances of continuing the expected bullish trend for the upcoming period, waiting to breach 1.1180 level to confirm the extension of the bullish wave towards 1.1280 as a next main target.
Therefore, we will continue to suggest the bullish trend on the intraday and short term basis conditioned by the price stability above 1.1108, noting that the EMA50 continues to support the suggested bullish wave.
The expected trading range for today is between 1.1080 support and 1.1240 resistance.
The expected trend for today: Bullish
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