Midday update for EURUSD 29/04/2016
Economies.com
2016-04-29 10:48AM UTC
The EURUSD pair approached from the waited be breached resistance at 1.1420, as we mentioned this morning, we need to breach this level to reinforce the expectations for moving higher in the upcoming period, and the continuation of the bullish wave within the bullish channel that appears in the image.
In general, we will keep preferring the bullish trend on the intraday and short-term basis unless breaking 1.1264 level and holding below it, reminding you that our main targets begin at 1.1494 and extend to 1.1700.
Expected trading range for today is between 1.1300 support and 1.1520 resistance.
Expected trend for today: Bullish
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