EURUSD within sideways track – Analysis - 01-05-2017
Economies.com
2017-05-01 04:15AM UTC
The EURUSD pair shows sideways trades recently and keeps its stability above 1.0852 level, which keeps our bullish overview valid until now, supported by the EMA50 that keeps carrying the price from below, waiting to head towards 1.0973 initially.
We remind you that breaching the mentioned level will open the way to head towards 1.1123 as a next main target, noting that the European markets are closed today, which might cause weak and tight trading.
Expected trading range for today is between 1.0800 support and 1.1000 resistance.
Expected trend for today: Bullish
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