The sideways range continues to dominate the price trading around 18.30 level. Thus, there is no change on the bullish trend scenario that depends on holding above 18.15, which gets continuous support by the EMA50, waiting to head towards 18.85 followed by 19.38 mainly. We remind you that breaking 18.15 will force the price to turn its intraday track to the downside to visit 17.43 level before any new positive attempt. The expected trading range for today is between 18.20 support and 18.70 resistance.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Overview
The sideways range continues to dominate the price trading around 18.30 level. Thus, there is no change on the bullish trend scenario that depends on holding above 18.15, which gets continuous support by the EMA50, waiting to head towards 18.85 followed by 19.38 mainly. We remind you that breaking 18.15 will force the price to turn its intraday track to the downside to visit 17.43 level before any new positive attempt. The expected trading range for today is between 18.20 support and 18.70 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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