The EURUSD within a positive pattern – Analysis - 12-04-2021
Economies.com
2021-04-12 03:41AM UTC
The EURUSD pair’s trades are confined within bullish pennant pattern that its signs appear on the chart, thus, the price needs to breach 1.1905 to activate the positive effect of this pattern followed by rallying towards our first waited positive target at 1.1975.
Therefore, we will keep our bullish overview conditioned by the price stability above 1.1885 – 1.1870 levels, noting that the EMA50 keeps supporting the suggested bullish wave.
The expected trading range for today is between 1.1830 support and 1.1980 resistance.
The expected trend for today: Bullish
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