The EURUSD needs positive motive – Analysis - 21-10-2019

2019-10-21 04:55:00 GMT (Economies.com)
 

The EURUSD pair settles near 1.1160 level after reaching few point away from our waited target at 1.1180, and it might witness temporary bearish bias affected by stochastic negativity, while the EMA50 keeps supporting the price from below.

 

Therefore, we will keep our bullish trend expectations in the upcoming period, and the price needs to breach 1.11800 level to confirm the extension of the bullish wave towards 1.1280, taking into consideration that the continuation of the suggested bullish trend requires holding above 1.1060 level.

 

The expected trading range for today is between 1.1080 support and 1.1260 resistance.

 

The expected trend for today: Bullish

 

 
 
 
  Symbol Last Change Chg.%
1.1052
0.0028
0.2558%
1.2900
0.0099
0.7765%
Tadawul
7924.19
-8.33
0.10%
16.950
0.147
0.878%
57.840
0.480
0.838%
63.36
1.07
1.72%
1466.925
8.645
0.593%
 
 
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