Midday update for EURUSD 24-01-2017
Economies.com
2017-01-24 11:04AM UTC
The EURUSD pair made new test to 1.0731 level and keeps its stability above it, while stochastic attempts to get rid of its negativity and gain the positive momentum gradually, to support the chances of resuming the bullish trend in the upcoming sessions, supported by the EMA50 that protects trading inside the bullish channel that appears on chart.
Therefore, these factors encourage us to keep our positive overview for the rest of the day unless breaking 1.0731 level and holding below it, reminding you that our main waited target is located at 1.0852.
Expected trading range for today is between 1.0700 support and 1.0880 resistance.
Expected trend for today: Bullish
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