The EURUSD resumes the rise – Analysis - 05-08-2020
Economies.com
2020-08-05 03:56AM UTC
The EURUSD pair shows more rise to surpass 1.1800 barrier and settles above it, which supports the continuation of the expected bullish trend scenario on the intraday and short term basis, which targets 1.1908 followed by 1.1995 levels as next main stations, noting that the EMA50 keeps supporting the suggested bullish wave.
On the other hand, we should note that breaking 1.1737 will stop the expected rise and press on the price for more bearish correction.
The expected trading range for today is between 1.1740 support and 1.1920 resistance.
The expected trend for today: Bullish
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