EURUSD keeps its positive stability – Analysis - 03-10-2016
Economies.com
2016-10-03 03:40AM UTC
The EURUSD pair attempted to break 1.1196 level on last Friday but it managed to close the weekly candlestick above it, which keeps the bullish trend scenario valid until now, supported by the stability above the EMA50, waiting to resume the bullish bias that its main targets begin at 1.1356.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions conditioned by the price stability above 1.1196 level, reminding you that breaching 1.1356 level will extend the pair's gains to reach 1.1615 level as a next main station.
Expected trading range for today is between 1.1140 support and 1.1356 resistance.
Expected trend for today: Bullish
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