Midday update for EURUSD 12-06-2017
Economies.com
2017-06-12 10:38AM UTC
The EURUSD pair begins attempts to surpass the EMA50, as we mentioned this morning, this breach will make the price surpass the negative pressure then pushes the price to continue the bullish trend that its next target at 1.1365.
In general, we keep preferring the bullish trend in the upcoming sessions unless breaking 1.1123 level and holding below it, where breaking this level will push the price to head to 1.0973 before any new attempt to rise.
Expected trading range for today is between 1.1123 support and 1.1320 resistance.
Expected trend for today: Bullish
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