EURUSD attempts positively – Analysis - 15-06-2017

The EURUSD pair rallied higher yesterday and approached from 1.1300 level, but the price returned to settle near 1.1200, which requires being aware from the upcoming trading, where the signals of forming a rising wedge pattern might turn the intraday trend to the downside, then begin a bearish correction that its targets begin at 1.1060.

Until now, the bullish trend scenario remains valid unless breaking 1.1180 level and holding below it, where breaking this level will activate the negative effect of the mentioned pattern and pushes the price to decline, while the waited positive targets begin at 1.1365 and extend to 1.1615 on the near term basis.

Expected trading range for today is between 1.1125 support and 1.1320 resistance.

Expected trend for today: Bullish