EURUSD keeps its positive stability – Analysis - 06-02-2017

The EURUSD pair made new test to the key support 1.0731 and kept its stability above it, to rebound bullishly and settles above the bullish channel's support that appears on the above chart, while the EMA50 keeps supporting the price from below, which keeps the bullish trend scenario active until now, waiting to test 1.0852 level as a next main station.

Therefore, we are waiting for more positive trading in the upcoming sessions, and breaching the targeted level will extend the bullish wave to reach 1.0973 on the near term basis, while breaking 1.0731 will push the price to visit 1.0581 before any new attempt to rise.

Expected trading range for today is between 1.0700 support and 1.0900 resistance.

Expected trend for today: Bullish