Midday update for EURUSD 27-03-2017

Economies.com
2017-03-27 11:22AM UTC

The EURUSD pair succeeded to breach 1.0852 level and closed the last four hours time frame above it, which supports the continuation of our bullish trend expectations efficiently in the upcoming period, easing the way towards our next target at 1.0973.

 

Therefore, the bullish trend will remain preferred in the upcoming period, pointing that holding above 1.0852 turns to be the first condition for the continuation of the expected rise, pointing that we need a daily close above this level to confirm the continuation of the suggested bullish bias.

 

Expected trading range for today is between 1.0750 support and 1.0973 resistance.

 

Expected trend for today: Bullish

 

 

 

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