Midday update for EURUSD 09-06-2017

Economies.com
2017-06-09 11:01AM UTC

The EURUSD pair continues its negative pressure to approach from the key support 1.1123, and as we mentioned in our recent reports, holding above this level keeps the bullish trend scenario active for today, supported by stochastic positivity that appears on the four hours' time frame, waiting to resume the bullish bias that targets the previously recorded top at 1.1365 as a next main station.

 

We remind you that breaking 1.1123 will push the price to suffer more losses that reach to 1.0973 before any new positive attempt.

 

Expected trading range for today is between 1.1123 support and 1.1320 resistance.

 

Expected trend for today: Bullish

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