Midday update for EURUSD 08-06-2017
Economies.com
2017-06-08 10:18AM UTC
The EURUSD pair shows some slight bearish bias to approach from testing the EMA50 again, as the price is affected by stochastic negativity, waiting to get enough positive momentum to push trading to resume the main bullish trend, which gets continuous support by the EMA50.
Our first target is located at 1.1365, and breaching it will push the price towards 1.1615 on the near term basis, while the bullish trend will remain valid and active unless we witnessed clear break and holding below 1.1123.
Expected trading range for today is between 1.1200 support and 1.1365 resistance.
Expected trend for today: Bullish
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