The EUR/USD completes a positive pattern – Analysis – 01/04/2020

eu-l8The EURUSD pair kept its stability above 1.0966 level after attempting to break it yesterday, and by taking a deeper look at the chart, we find that the price completed forming bullish flag pattern after breaching the minor bearish channel’s resistance that appears on the chart, which forms positive motive that we are waiting to assist to push the price to resume the bullish trend in the upcoming sessions.

Therefore, we expect witnessing positive trading today, and the targets begin by breaching 1.1067 to confirm opening the way to visit 1.1170 as a next station, reminding you that it is important to hold above 1.0966 to continue the expected rise.

The expected trading range for today is between 1.0950 support and 1.1150 resistance.

The expected trend for today: Bullish

Origin: Economies

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