Midday update for EURUSD 03-02-2017

The EURUSD pair shows more negative attempts to start testing 1.0731 now, and as we mentioned this morning, holding above this level represents key condition to the continuation of the recently suggested positive scenario, waiting to activate the positive signal provided by stochastic to motivate the price to resume the main bullish track, which its next main target located at 1.0852.

Note that it is important to be careful from the upcoming trading especially at the time of releasing the non-farm payrolls’ and unemployment data from the US economy, with chances of causing mixed trading and high volatility at the markets.

Expected trading range for today is between 1.0680 support and 1.0920 resistance.

Expected trend for today: Bullish