EURUSD touches the target – Analysis - 01-08-2016
The EURUSD pair succeeded to touch our main waited target at 1.1196 and shows sideways trading near this level affected by stochastic negativity, which might force the price to provide more sideways trading until we get enough positive momentum to push the price to breach the mentioned level, which will lead the price to achieve more gains on the short term basis.
In general, we suggest witnessing more rise in the upcoming period supported by the EMA50, noting that breaching 1.1196 level will extend the pair's gains to reach 1.1356 as a next main station, while the bullish trend will remain valid unless breaking 1.1067 level and holding below it.
Expected trading range for today is between 1.1067 support and 1.1300 resistance.
Expected trend for today: Bullish
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