Forex

The EURUSD continues to rise – Analysis - 14-03-2019

2019-03-14 05:28:13 GMT (Economies.com)

The EURUSD pair provided more positive trading yesterday, heading gradually towards our main waited target at 1.1420, to keep the bullish trend scenario active on the intraday and short term basis, noting that breaching the mentioned level will extend the bullish wave to reach 1.1550 as a next main station.

 

The EMA50 supports the expected rise, which will remain valid unless breaking 1.1270 level and holding below it.

 

The expected trading range for today is between 1.1250 support and 1.1420 resistance.

 

The expected trend for today: Bullish

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