The EURUSD resumes rising – Analysis - 24-10-2019

Economies.com
2019-10-24 04:46AM UTC

The EURUSD pair bounced bullishly after testing 1.1105 yesterday, to keep the bullish trend scenario valid and active for the upcoming period, supported by the EMA50 that keeps carrying the price from below, waiting to test 1.1180 level initially.

 

We remind you that breaching the targeted level will push the price to 1.1280 as a next positive target, while the expected rise will remain valid conditioned by the price stability above 1.1105 and 1.1065 levels.

 

The expected trading range for today is between 1.1060 support and 1.1230 resistance.

 

The expected trend for today: Bullish

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