The EURUSD needs the positive momentum – Analysis - 14-07-2020
Economies.com
2020-07-14 04:29AM UTC
The EURUSD pair approached the intraday bullish channel’s support line that appears on the chart, starting to provide negative trades on its way for potential test to this channel’s support line, as the price is affected by stochastic negativity, which might force it to provide some bearish bias in the upcoming sessions.
But in general, we will continue to suggest the bullish trend on the intraday and short term basis as long as 1.1270 level remains intact, supported by the EMA50 that keeps carrying the pair from below, reminding you that our next main target is located at 1.1420.
The expected trading range for today is between 1.1270 support and 1.1420 resistance.
The expected trend for today: Bullish
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