Midday update for EURUSD 02-06-2017
Economies.com
2017-06-02 10:56AM UTC
The EURUSD pair didn’t show any strong move since morning, where the markets wait for the US economy unemployment and payments data for today, which causes the last weak trading.
In general, the bullish trend scenario remains valid if the price settled above 1.1123 level, supported by the EMA50 and the positive signal that comes from stochastic, reminding you that our next main target at 1.1365, while breaking 1.1123 represents negative factor that will push the price to test levels that reach to 1.0973 before any new attempt to rise.
Expected trading range for today is between 1.1160 support and 1.1365 resistance.
Expected trend for today: Bullish
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