Midday update for EURUSD 27-07-2017
Economies.com
2017-07-27 10:05AM UTC
The EURUSD pair succeeded to touch our waited target at 1.1765 and shows bearish rebound according to the trading rules inside the channels, which urges caution from the upcoming trading, as failing to breach the mentioned level might push the price to head towards the mentioned channel's support line around 1.1418 before any new attempt to rise.
Now, we will continue to suggest the bullish trend for today unless breaking 1.1595 level and holding below it, noting that the EMA50 keeps supporting the suggested bullish wave, which its targets extend to reach 1.1870 after breaching the above mentioned resistance.
Expected trading range for today is between 1.1650 support and 1.1870 resistance.
Expected trend for today: Bullish
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