EURUSD tests the support – Analysis - 09-03-2018
Economies.com
2018-03-09 04:56AM UTC
The EURUSD pair managed to close the daily candlestick above 1.2304 level after the strong negative pressure that it witnessed in the previous sessions, accompanied by stochastic move inside the oversold areas, which keeps the chances valid to resume the main bullish trend, waiting to head towards 1.2460 followed by 1.2536 levels as next main stations.
Therefore, we will continue to suggest the overall bullish trend conditioned by the price stability above 1.2304, as breaking this level will push the price back to the correctional bearish track that its next target located at 1.2160.
Expected trading range for today is between 1.2220 support and 1.2420 resistance.
Expected trend for today: Bullish
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