EURUSD gets the positive momentum – Analysis - 14-03-2017

Economies.com
2017-03-14 05:18AM UTC

The EURUSD pair hovers near 1.0650 level since yesterday, noticing that stochastic shows clear oversold signals now, approaching from providing 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 bullish bias.

 

In general, we keep preferring the bullish trend in the upcoming period unless breaking 1.0581 level and holding below it, pointing that we are waiting for breaching 1.0731 level to confirm opening the way towards our next main target at 1.0852.

 

Expected trading range for today is between 1.0581 support and 1.0770 resistance.

 

Expected trend for today: Bullish

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