Midday update for EURUSD 24-04-2017
Economies.com
2017-04-24 11:21AM UTC
The EURUSD pair hovers near 1.0852 level since morning settled above it, stochastic shows overbought signals now, which might push the price to provide some negative trading and head to cover the mentioned bullish gap in our morning report before it returns to rise again.
Until now, the overall bullish trend scenario remains active unless breaking 1.0731 level and holding below it, reminding you that our next main target located at 1.0973, and breaching it represents the extension key for the bullish wave to reach 1.1123.
Expected trading range for today is between 1.0731 support and 1.0950 resistance.
Expected trend for today: Bullish
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