Midday update for EURUSD 16-01-2017
Economies.com
2017-01-16 11:57AM UTC
The EURUSD pair made a new test to 1.0581 level, keeping its stability above this level now, to keep the bullish trend scenario active until now, supported by the EMA50 besides stochastic reach to the oversold level again.
Therefore, we wait for positive trading for the rest of the day, conditioned by holding above 1.0581 and 1.0519 level, pointing that the holiday of the US markets might cause weak trading generally.
Expected trading range for today is between 1.0519 support and 1.0731 resistance.
Expected trend for today: Bullish
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