Midday update for EUR USD 30/06/2015

Economies.com
2015-06-30 10:43AM UTC

The EURUSD showed some bearish bias since morning affected by the strength of the resistance at 1.1240 besides stochastic negativity, as we mentioned in our morning report, the price needs to breach this level to confirm the continuation of the positive scenario in the upcoming period, noticing that stochastic approaches form the oversold levels to support the chances for bouncing to the upside.

 

In general, we will keep our bullish trend expectations in the upcoming period if the price settled above 1.1100 level, reminding you that our main targets begin by attempting to breach 1.1440 level to open the way towards 1.2000.

 

 

Expected trading range for today is between 1.1100 support and 1.1400 resistance.

 

Expected trend for today: Bullish

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