Midday update for EURUSD 23-03-2017

Economies.com
2017-03-23 11:18AM UTC

The EURUSD pair provided slight negative trading since morning to move near 1.0770, while stochastic reaches the oversold levels now, to provide positive motive that we expect to assist to push the price to resume the bullish trend in the upcoming sessions.

 

Therefore, the bullish trend will remain valid and active for today if the price settled above 1.0731 level, reminding you that our first main target at 1.0852, and breaching it represents the extension key for the bullish wave to 1.0973.

 

Expected trading range for today is between 1.0700 support and 1.0900 resistance.

 

Expected trend for today: Bullish

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