EURUSD gets the positive momentum – Analysis - 25-01-2017
Economies.com
2017-01-25 04:47AM UTC
The EURUSD pair hovers around 1.0731 level since yesterday, noticing that stochastic reaches the oversold areas now, which forms positive factor that supports the chances of bouncing bullishly to resume the main bullish trend, organized inside the bullish channel that appears on chart, supported by the EMA50 that carries the price from below.
Therefore, we are waiting for positive trading in the upcoming sessions, and the next target is located at 1.0852, taking into consideration that breaking 1.0731 level will push the price to test 1.0581 area before any new attempt to rise.
Expected trading range for today is between 1.0675 support and 1.0850 resistance.
Expected trend for today: Bullish
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