The EURUSD reaches the first target again – Analysis - 21-10-2021
Economies.com
2021-10-21 04:10AM UTC
The EURUSD pair bounced upwards clearly after testing 1.1615 level on yesterday’s evening, to reach our first target at 1.1670 now, and we believe that the chances valid to surpass this level and open the way to head towards our next main positive station at 1.1760, as the price is affected by the previously completed inverted head and shoulders’ pattern.
The EMA50 keeps supporting the expected bullish wave, which will remain valid conditioned by the price stability above 1.1615.
The expected trading range for today is between 1.1600 support and 1.1750 resistance.
The expected trend for today: Bullish
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