Midday update for EURUSD 26-01-2017
Economies.com
2017-01-26 11:25AM UTC
The EURUSD pair shows negative trading to push on 1.0731 level and moves below it, which requires being aware from the upcoming trading, where holding below this level represents negative factor that will push the price to test 1.0650 and extend to 1.0581 in the upcoming period.
The EMA50 provides support for the price from below, to keep the chances valid for regaining the bullish trend, and the price needs to step above 1.0731 to confirm heading towards 1.0852 that represents the next main target for the suggested bullish wave.
Expected trading range for today is between 1.0675 support and 1.0870 resistance.
Expected trend for today: Bullish
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