Forex

The EURUSD within sideways track – Analysis - 20-03-2019

2019-03-20 04:54:27 GMT (Economies.com)

The EURUSD pair moves within sideways track as appears on the chart, and the price needs to breach 1.1360 level to confirm resuming the expected bullish trend on the intraday basis, as we are waiting to test 1.1420 – 1.1443 levels mainly.

 

The EMA50 continues to support the price from below, while stochastic attempts to get rid of its negative momentum, thus, we will keep our bullish overview for today unless breaking 1.1290 level and holding below it.

 

The expected trading range for today is between 1.1290 support and 1.1440 resistance.

 

The expected trend for today: Bullish

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