EURUSD leans on the support base – Analysis - 20-03-2017

The EURUSD pair retested 1.0731 level and kept its stability above this level, and begins today positively to resume the bullish trend on the intraday and short term basis, which gets good support from the EMA50, while its stochastic begin to provide positive overlapping signal on the four hours’ time frame.

Therefore, we expect the domination of the bullish trend on the upcoming trading, reminding you that our initial target located at, and breaching it represents the extension key for the bullish wave to 1.0973, while holding above 1.0731 represents the first condition for the continuation of the suggested rise.

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

Expected trend for today: Bullish