The EURUSD returns to test the support – Analysis - 13-08-2019

The EURUSD pair returns to fluctuate at 1.1180 level, as the price is affected by stochastic negativity, besides that the price finds solid intraday resistance barrier formed by the EMA50 against the price’s continuous positive attempts, and it needs to surpass this barrier to confirm the continuation of the main positive scenario.

In general, we will continue to suggest the bullish trend in the upcoming period conditioned by the price stability above 1.1180, as breaking this level will press on the price to decline and achieve negative targets that start at 1.1100 and extend to 1.1000, while the next targets of the suggested bullish wave located at 1.1350 followed by 1.1443.

The expected trading range for today is between 1.1130 support and 1.1290 resistance.

The expected trend for today: Bullish