The EURUSD faces negative pressure – Analysis - 16-12-2019
Economies.com
2019-12-16 05:55AM UTC
The EURUSD pair’s decline stopped at 1.1108 level, where the price kept its stability above this level, to begin providing new positive trading in attempt to resume the expected bullish trend in the upcoming period.
Therefore, we will keep preferring the bullish trend on the intraday basis unless breaking 1.1108 level and holding below it, pointing that the EMA50 and stochastic are supporting the expected rise, and its targets begin by breaching 1.1180 level to confirm opening the way towards 1.1280 then 1.1418 levels as next main stations.
The expected trading range for today is between 1.1080 support and 1.1240 resistance.
The expected trend for today: Bullish
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