EURUSD faces solid resistance – Analysis - 17-10-2018
Economies.com
2018-10-17 04:43AM UTC
The EURUSD pair found difficulty to breach 1.1615 level yesterday, to rebound bearishly and shows calm negative trades now, affected by stochastic current negativity, and it might test the key support 1.1525 before any new attempt to rise.
In general, we will continue to suggest the bullish trend conditioned by the stability above the mentioned support, as breaking it will push the price to test 1.1443 level before any new positive attempt, while breaching 1.1615 represents the key to rally towards our positive targets that begin at 1.1705 and extend to 1.1800.
Expected trading range for today is between 1.1480 support and 1.1660 resistance.
Expected trend for today: Bullish
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