Midday update for EURUSD 01-07-2016
Economies.com
2016-07-01 10:54AM UTC
The EURUSD pair shows sideways trading since morning keeping its stability above 1.1067 level, thus, our bullish overview will remain valid and active for today, depending on the stability above the mentioned level, and the price needs to surpass the EMA50 to get rid of the negative pressure that it forms against the intraday trading.
Our first main target is located at 1.1196, reminding you that breaching this level will open the way to target 1.1356 areas as a next main station.
Expected trading range for today is between 1.1000 support and 1.1270 resistance.
Expected trend for today: Bullish
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