The EURUSD needs the positive momentum – Analysis
The EURUSD pair fluctuates around the EMA50 that forms good resistance against the price, affected by stochastic negativity that hinders the mission to rise, waiting to get enough positive momentum to push the price to resume the bullish wave that targets 1.0745 as a next main station.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period conditioned by the price stability above 1.0515.
The expected trading range for today is between 1.0540 support and 1.0700 resistance.
The expected trend for today: Bullish
Therefore, the bullish trend scenario will remain valid and active for the upcoming period conditioned by the price stability above 1.0515.
The expected trading range for today is between 1.0540 support and 1.0700 resistance.
The expected trend for today: Bullish
Trade active:
The EURUSD pair shows new positive trades to attempt to surpass the EMA50, waiting for more rise to head towards our main expected target at 1.0745, reminding you that the continuation of the bullish wave depends on the price stability above 1.0515.
Trade active:
The EURUSD tests the support
The EURUSD pair settles at 1.0515 support line, as the price keeps its consolidation above this level, accompanied by witnessing clear positive signals through stochastic, to believe that the chances valid to resume the main bullish trend, which its targets begin at 1.0625 and extend to 1.0745 after surpassing the previous level.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 1.0515 will push the price to achieve additional decline that targets 1.0425 areas initially.
The EURUSD pair settles at 1.0515 support line, as the price keeps its consolidation above this level, accompanied by witnessing clear positive signals through stochastic, to believe that the chances valid to resume the main bullish trend, which its targets begin at 1.0625 and extend to 1.0745 after surpassing the previous level.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that breaking 1.0515 will push the price to achieve additional decline that targets 1.0425 areas initially.
Trade active:
The EURUSD pair shows more bullish bias to test 1.0700 barrier, reinforcing the expectations of continuing the bullish trend for the rest of the day, which targets 1.0745 as a next station, reminding you that surpassing this level will push the price to 1.0915 as a next main station, while holding above 1.0605 represents key condition to continue the expected rise.
Trade closed: target reached:
The EURUSD hits the extended target
The EURUSD pair succeeded to achieve our second waited target at 1.0745 and settles there, affected by stochastic negativity that forces the price to stop temporarily, waiting to get positive momentum that assists to push the price to surpass the mentioned level and open the way to head towards 1.0915 as a next main target.
Therefore, we suggest the continuation of the bullish bias in the upcoming sessions conditioned by the price stability above 1.0695.
The EURUSD pair succeeded to achieve our second waited target at 1.0745 and settles there, affected by stochastic negativity that forces the price to stop temporarily, waiting to get positive momentum that assists to push the price to surpass the mentioned level and open the way to head towards 1.0915 as a next main target.
Therefore, we suggest the continuation of the bullish bias in the upcoming sessions conditioned by the price stability above 1.0695.