Midday update for EUR USD 24/04/2015
Economies.com
2015-04-24 11:00AM UTC
The EURUSD pair rallied higher strongly this morning to hit our waited main target at 1.0900, and it shows bearish rebound from there affected by stochastic negativity, where its tests now the support base that formed above 1.0800 level after breaching it.
In general, we keep preferring the bullish trend for today, depending on the stability above 1.0710 level, and the EMA50 continues to support the suggested bullish wave, pointing that our extended targets reach towards 1.1000.
Expected trading range for today is between 1.0700 support and 1.0950 resistance.
Expected trend for today: Bullish
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