Midday update for EURUSD 28-03-2017
Economies.com
2017-03-28 11:33AM UTC
The EURUSD pair hovers near 1.0852 level since morning keeping its stability above it, while stochastic reaches the oversold levels, waiting for motivating the price to bounce higher to resume the main bullish trend, which gets continuous positive support from the EMA50.
Therefore, the bullish trend scenario will remain active for the rest of the day unless breaking 1.0852 level and holding below it, which will push the price to visit 1.0731 levels before any new attempt to rise, reminding you that the next target located at 1.0973.
Expected trading range for today is between 1.0800 support and 1.0973 resistance.
Expected trend for today: Bullish
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