The EURUSD tests the moving average – Analysis - 12-04-2019
Economies.com
2019-04-12 04:06AM UTC
The EURUSD pair resumes its positive trading by today’s opening, after the tight fluctuation that it witnessed yesterday, to start testing the EMA50 that forms intraday resistance now, waiting to surpass this barrier to confirm heading towards our first positive target at 1.1350, reminding you that breaching this level will push the price towards 1.1443 as a next station.
Therefore, we will continue to suggest the bullish trend for the upcoming sessions unless the price decline to break 1.1235 followed by 1.1180 levels and hold below them.
The expected trading range for today is between 1.1200 support and 1.1380 resistance.
The expected trend for today: Bullish temporarily
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