Midday update for EUR USD 01/07/2015
Economies.com
2015-07-01 10:34AM UTC
The EURUSD pair continues to move at the critical support 1.1100, and as long as the price is above this level, our bullish outlook will remain valid and active, supported by stochastic current positivity, waiting to breach 1.1240 level to open the way towards our first main target at 1.1440.
Note that breaking 1.1100 level will put the price under bearish correctional pressure, which its targets begin at 1.0990 and might extend to 1.0880.
Expected trading range for today is between 1.1050 support and 1.1300 resistance.
Expected trend for today: Bullish
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