EUR USD resumes rising – Analysis - 09/02/2016
Economies.com
2016-02-09 05:44AM UTC
The EURUSD pair bounced higher strongly after testing 1.1120 level yesterday, to approach from our main waited target at 1.1264, waiting for surpassing this barrier to open the way towards extending the bullish wave to the previously recorded top at 1.1494.
Therefore, we keep preferring the bullish trend supported by the EMA50 that keeps carrying the price from below, reminding you that breaking 1.1120 level will stop the suggested rise and puts the price under the negative pressure.
Expected trading range for today is between 1.1350 support and 1.1120 resistance.
Expected trend for today: Bullish
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