Midday update for EURUSD 16-02-2017
Economies.com
2017-02-16 11:42AM UTC
The EURUSD pair shows positive attempts since morning to start testing the EMA50 that forms resistance barrier at 1.0640, and as we mentioned this morning, breaching this level will ease the mission of continuing the bullish trend in the upcoming period, to keep the bullish trend active for the rest of the day.
Stochastic negativity might force the price to provide some temporary sideways trading before resuming the expected bullish trend, which its first target located at 1.0731, while its continuation conditions holding above 1.0581.
Expected trading range for today is between 1.0550 support and 1.0731 resistance.
Expected trend for today: Bullish
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