Midday update for EURUSD 27-06-2016
Economies.com
2016-06-27 09:57AM UTC
The EURUSD pair managed to cover the bearish gap mentioned in our morning report but without being able to hold above 1.1067 barrier, which keeps the fluctuation valid until now, and the price needs strong positive motive that supports the chances of breaching the mentioned level followed by reinforcing the expectations to resume the main bullish trend.
In general, we will continue to suggest the bullish trend for the upcoming period supported by stochastic positivity, reminding you that our next main target is located at 1.1196, which achieving it conditions holding above 1.0937.
Expected trading range for today is between 1.0937 support and 1.1200 resistance.
Expected trend for today: Bullish
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