EURUSD breaches the resistance – Analysis - 10-03-2017

The EURUSD pair begins today positively to approach from the bearish channel's resistance that appears on chart, located at 1.0610 now, and as we mentioned in our end-of-day report yesterday, the price needs to beach this level to confirm the continuation of the bullish trend in the upcoming period, especially after breaching the minor falling wedge's resistance that appears on image followed by surpassing the key resistance 1.0581.

Therefore, we suggest witnessing positive trading in the upcoming sessions, and the next main target is located at 1.0731, taking into consideration that breaking 1.0581 and trading below it again will push the price to head towards the key support 1.0510 before detecting the next destination clearly.

Expected trading range for today is between 1.0510 support and 1.0731 resistance.

Expected trend for today: Bullish