Midday update for EUR USD 08/02/2016
Economies.com
2016-02-08 11:35AM UTC
The EURUSD pair trades positively since morning moving away from 1.1120 level, which supports the continuation of our bullish trend expectations efficiently in the upcoming period, reinforced by stochastic current positivity, and the way is open for testing 1.11264 level initially.
The EMA50 keeps supporting the suggested bullish wave, which its continuation conditioned by holding above 1.1120 level.
Expected trading range for today is between 1.1050 support and 1.1264 resistance.
Expected trend for today: Bullish
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