EURUSD begins positively – Analysis - 21-03-2017

The EURUSD pair opens today’s trading positively after leaning on the critical support at 1.0731 yesterday, noticing that stochastic provides positive overlapping signal on the four hours’ time frame, which forms positive motive that we expect to push the price for more of the upside moves in the upcoming sessions.

Therefore, our bullish trend expectations will remain valid on the intraday and short term basis, and the targets begin at and extend to 1.0973 after breaching the previous level, being aware that breaking 1.0731 will stop the suggested rise and pushes the price to visit 1.0581 levels before any new positive attempt.

Expected trading range for today is between 1.0700 support and 1.0900 resistance.

Expected trend for today: Bullish