EURUSD surpasses the first target – Analysis - 23-01-2017

The EURUSD pair opened today's trading with strong rise to manage to surpass our first target at 1.0731 and attempts to build support base above it, which supports the continuation of our bullish overview efficiently in the upcoming period, which gets continuous support by the EMA50, opening the way to head towards our next target at 1.0852.

Therefore, we are waiting for more rise on the intraday and short term basis, noting that holding above 1.0731 represents the first condition to continue the suggested rise, as breaking this level will push the price to test 1.0581 areas again before any new attempt to rise.

Expected trading range for today is between 1.0650 support and 1.0852 resistance.

Expected trend for today: Bullish