The EURUSD starts bullish correction – Analysis - 14-10-2021

2021-10-14 04:28:02 GMT (Economies.com)
 

The EURUSD pair surpassed the bearish trend resistance line and settled above it, to start bullish correction for the decline that started from 1.1909 areas, and it needs to breach 1.1615 to confirm extending the correctional bullish wave towards 1.1670 followed by 1.1760 levels.

 

Therefore, the bullish bias will be suggested for the upcoming period supported by moving above the EMA50, noting that breaking 1.1560 will stop the expected rise and press on the price to decline again.

 

The expected trading range for today is between 1.1530 support and 1.1670 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1292
0.0049
0.4339%
1.3338
-0.0068
0.5042%
Tadawul
11299.45
-68.73
0.60%
23.648
-0.839
3.428%
74.176
-1.674
2.207%
77.55
-4.71
5.73%
1808.835
-9.000
0.495%
 
 
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