EURUSD begins positively – Analysis - 20-06-2016

The EURUSD pair opens today’s trading with a bullish price gap that puts the price near the first waited main target at 1.1356, as we mentioned in our last reports, we wait for breaching this level to confirm opening the way towards extending the bullish wave to 1.1614.

The EMA50 keeps providing positive support for the price, which encourages us to keep preferring the bullish trend in the upcoming sessions, pointing that the price might witness some temporary slight bearish bias to cover the above mentioned price gap before resuming the suggested bullish  trend, and its continuation conditioned by holding above 1.1170 level.

Expected trading range for today is between 1.1220 support and 1.1450 resistance.

Expected trend for today: Bullish