France- EADs renews the bullish attempts- Analysis – 21-8-2019

The EADs price ended its negative rebound by facing the moving average 55, to form an extra support at 120.50, forcing it to rally to the upside to settle near 126.00 level, which supports the bullish scenario that caused by the stability of the trading within the bullish channel levels, to expect targeting new positive levels by reaching 129.45 reaching to the top at 133.90.

Stochastic attempt to rally above 50 level reinforces our bullish expectation by providing a new positive momentum, to ease the price mission to rally towards the mentioned positive targets.

The expected trading range for today is between 123.60 and 129.45

The expected trend for today: Bullish