Midday update for EURUSD 05-06-2017
Economies.com
2017-06-05 10:41AM UTC
The EURUSD pair didn’t show any strong move since morning affected by the holiday of the European markets, to keep fluctuating near 1.1270 level, pointing that stochastic negativity might push the price for some temporary downside moves until gaining enough positive momentum to push the trading to rise again.
In general, the bullish trend scenario remains active for today if the price settled above 1.1123 level, supported by the EMA50, reminding you that our next main target at 1.1365.
Expected trading range for today is between 1.1200 support and 1.1400 resistance.
Expected trend for today: Bullish
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