eltonmorningstar

The EURUSD within tight track – Analysis

Long
eltonmorningstar Updated   
FX:EURUSD   Euro / U.S. Dollar
The EURUSD pair continues to fluctuate within tight range since yesterday, while stochastic attempts to gain the positive momentum on the intraday basis, waiting to motivate the price to resume the bullish wave that its targets begin by breaching 1.0745 to open the way to head towards 1.0915.

Therefore, we will keep our bullish overview that gets continuous support by the EMA50 unless breaking 1.0690 and holding below it.
Trade active:
The EURUSD pair attempts to breach 1.0745 level, to support the continuation of the expected bullish trend for today, which its next main target located at 1.0915, supported by stochastic positivity, reminding you that it is important to hold above 1.0690 to continue the expected rise.
Trade active:
The EURUSD surpasses the resistance

The EURUSD pair managed to breach 1.0745 level and hold above it, reinforcing the expectations of continuing the bullish trend in the upcoming sessions, opening the way to head towards 1.0915 as a next main station, supported by the EMA50.

On the other hand, we should note that breaking 1.0745 and holding below it will put the price under negative pressure that targets testing 1.0645 areas initially.
Comment:
The EURUSD resumes the rise

The EURUSD pair rallied upwards strongly yesterday to reach 1.0850 areas, reinforcing the expectations of continuing the bullish trend, and the way is open to achieve our waited target at 1.0915.
Comment:
The EURUSD gets new positive signal

The EURUSD pair resumes its positive trading after the temporary decline that it witnessed in the previous sessions, reinforcing the expectations of continuing the bullish trend.
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