The EURUSD under the negative pressure – Analysis - 17-06-2019
Economies.com
2019-06-17 04:06AM UTC
The EURUSD pair fluctuates around the EMA50, keeping its stability above 1.1180 until now, noticing that stochastic gets rid of its negative momentum clearly to reach the thresholds of the oversold areas, which forms positive motive that we are waiting to assist to push the price to rise again.
Therefore, the main bullish trend scenario will remain valid for the upcoming period unless breaking 1.1180 level and holding below it, reminding you that our main waited target reaches 1.1443.
The expected trading range for today is between 1.1150 support and 1.1300 resistance.
The expected trend for today: Bullish
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