EUR USD retests – Analysis - 08/02/2016
Economies.com
2016-02-08 05:54AM UTC
The EURUSD pair retests 1.1120 level after the price affection by stochastic negativity, noticing that the indicator shows positive signals now, which supports the chances for bouncing higher to resume the bullish trend in the upcoming sessions, waiting for testing 1.1264 level mainly.
Therefore, our positive expectations will remain valid and active until now unless breaking 1.1120 level and holding below it, pointing that breaching 1.1264 level will extend the gains to reach the recently recorded top at 1.1494.
Expected trading range for today is between 1.1050 support and 1.1264 resistance.
Expected trend for today: Bullish
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