The EURUSD within continuation pattern – Analysis - 04-12-2019

Economies.com
2019-12-04 05:50AM UTC

The EURUSD pair shows slight negative trading to approach from testing 1.1065 level, accompanied with stochastic surpass to the negative momentum and approaching from the oversold levels, motivating the price to resume the expected bullish trend in the upcoming period, and its next targets are located at 1.1105 then 1.1180.

 

Therefore, we will keep our bullish trend expectations unless breaking 1.1065 level and holding below it.

 

The expected trading range for today is between 1.1000 support and 1.1160 resistance.

 

The expected trend for today: Bullish

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