EURUSD Analysis 10.01.2019

The EUR / USD pair is trading higher today to break above the 1.1550 level and set the tone for the next target at 1.1705. The bullish trend remains valid for the coming period, supported by the move above the moving averages. We see SMA 7 touching the price from below Giving it more stability and stability to rise. And the SMA 20 is above SMA 50 and therefore we have a bullish order of moving averages.

The Stochastic is also giving positive signals to the upside and thus increases the chances of a continuation of the bullish path of the Euro

Keep in mind that a break of 1.1510 may press the price to test the 1.1443 areas before any new attempt to rise.

The trading range for today is expected among 1.1500 support and 1.1680 support

Support and resistance:

Support: 1.1500-1.1443-1.1386

Resistance: 1.1550-1.1585-1.1682

The general trend for today is bullish