EURUSD gets the positive momentum – Analysis - 06-06-2017
Economies.com
2017-06-06 01:28AM UTC
The EURUSD pair provided some slight negative trading yesterday, accompanied with stochastic surpass to its negative momentum and the issuance of positive overlapping signal on the four hours time frame, which forms positive motive that we wait to assist to push the price to resume the main bullish trend, getting continuous support from the EMA50.
Therefore, we keep preferring the bullish trend in the upcoming period unless breaking 1.1123 level and holding below it, reminding you that our main target begin at 1.1365 and extend to reach 1.1615 after surpassing the previous report.
Expected trading range for today is between 1.1200 support and 1.1365 resistance.
Expected trend for today: Bullish
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