The pair is still trading around the EMA50 and is currently testing the support level of the bullish channel. Stability above this level, along with an oversold Stochastic, makes us wait for an upward movement with a target of 1.2490. The expected trading range for today is between support 1.2200 and resistance 1.2370.
Recommendations: Buy.
Support 1.2255 1.2230 1.2210
Resistance 1.2300 1.2320 1.2350
Recommendations: Buy.
Support 1.2255 1.2230 1.2210
Resistance 1.2300 1.2320 1.2350