End of day analysis for EURUSD 17-03-2017

Economies.com
2017-03-17 20:44PM UTC

The EURUSD pair ends this week at 1.0731 level, as the price was affected by stochastic negativity in the previous sessions, and the index attempts to gain positive momentum that allows the price to resume the expected bullish trend for the upcoming period, which depends on holding above the mentioned level as a first protecting factor to the suggested positive scenario.

 

Therefore, we will be waiting for positive trading by next week's opening, and the next target is located at 1.0852, noting that the EMA50 keeps providing the positive support to the price.

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