The euro against the dollar succeeded in achieving penetration due to the level of 1.2390 and settled daily closing above it, which enhances our expectations for the continuation of the bullish intraday direction, targeting mainly to test the strength of the resistance located at 1.2600
Negative current Stochastic may cause some kind of fluctuation, but all in all, expect a continuation of the bullish tendency to be mentioned resistance test.
Expected trading range for today is between: the support 1.2350 and resistance
EURUSD managed to breach the psychological level of 1.3000 and settled daily closing above it, to get a strong positive factor supporting the continuation of our expectations to the upside.
Stochastic entered overbought areas to offer the possibility that we will see some temporary fluctuation before resuming the side elevation targeting mainly 1.3145 levels
Expected trading range for today is between: the support 1.2910 and resistance 1.3200
---------- Post added at 09:22 AM ---------- Previous post was at 09:19 AM ----------
It opens EURUSD trading day and the week slightly bearish tendency puts the price below 1.3000, while we got a weekly candle close on Friday below the mentioned level.
We rely mainly on this factor to continue our year upward trend, and we are still waiting for an emerging targets start at 1.3145, followed by go further towards 1.3485, taking into account the fact that the breach of 1.2910 and then 1.2800 will weaken significantly the chances of achieving these expectations.
Mughy khud yai pair bhut he acha lagta hai kio k is ki movement hamary leyay sahe hai hum easyly is pr market predict kr sakty hain but is bat ko bhi dehan mai rakhna hai k yai pair bhi paractise mangta hai then he kuch better ho sakta hai...
EURUSD positive trading resumed to touch now rising minor channel shown in the image resistance, which may force the pair to stop temporarily to some fluctuation and minor bearish tendency before resuming the uptrend.
In general, the penetration level of 1.3145 is still the main catalyst for the continuation of our expectations upside in the short term, the following main objectives at 1.3485, supported by SMA 50.
Expected trading range for today is between: the support 1.3145 and resistance 1.3350
General tendency is expected for today: UP
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