The EURUSD surpasses the initial resistance – Analysis - 09-07-2020

2020-07-09 04:00:51 GMT (Economies.com)
 

The EURUSD pair begins today’s trading with new positivity to breach 1.1340 level and attempts to hold above it, which supports the continuation of our bullish overview efficiently on the intraday and short term basis, paving the way to achieve more gains in the upcoming sessions, waiting to head towards 1.1420 that represents our next main station.

 

Therefore, the positive scenario will remain valid and active for today, supported by the EMA50, taking into consideration that holding above 1.1270 represents major condition to continue the suggested rise.

 

The expected trading range for today is between 1.1270 support and 1.1440 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1753
0.0043
0.3693%
1.3064
0.0049
0.3784%
Tadawul
7459.21
4.14
0.06%
24.253
0.006
0.027%
41.205
0.770
1.904%
44.40
0.85
1.95%
1972.435
3.080
0.156%
 
 
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