EURUSD confirms the breach – Analysis - 17-03-2017

Economies.com
2017-03-17 05:15AM UTC

The EURUSD pair rallied higher strongly to confirm breaching 1.0731 level, where it closed the daily candlestick above this level, reinforcing the expectations for the bullish trend continuation on the short term basis, which its next target located at 1.0852.

 

Holding above 1.0731 level represents an important conditioned for the continuation of the expected rise, pointing that breaching 1.0852 level will open the way towards extending the bullish wave on the medium term basis to target 1.0973 then 1.1123 levels as a next mains station.

 

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

 

Expected trend for today: Bullish

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