The EURUSD tests the support – Analysis - 09-08-2019

The EURUSD pair fluctuates at the key support 1.1180 and still above it until now, as the price is affected by stochastic negativity, waiting to get enough positive momentum to push the price to resume the positive trading again.

In general, we will continue to suggest the bullish trend in the upcoming period conditioned by the price stability above the mentioned support, as breaking it will press on the price to decline again and head towards achieving negative targets that start at 1.1100 and extend to 1.1000, while the positive 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