EURUSD confirms the breach – Analysis - 30-06-2017
The EURUSD pair managed to build support base above 1.1418 after confirming breaching it yesterday, which supports the chances of continuing the rise in the upcoming sessions, as trades organized inside the bullish channel that appears on chart, while the EMA50 provides continuous positive support to the price.
Therefore, the bullish bias will remain suggested on the intraday and short term basis, and the next targets reach to 1.1565 followed by 1.1615, noting that breaking 1.1418 might push the price to start some bearish correction and test areas that start at 1.1368 and might extend to 1.1320 before any new attempt to rise.
Expected trading range for today is between 1.1370 support and 1.1565 resistance.
Expected trend for today: Bullish
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