Midday update for EURUSD 29-09-2016
Economies.com
2016-09-29 10:36AM UTC
The EURUSD pair did not show any strong move since morning, to continue fluctuating around the EMA50, keeping its stability above 1.1196 level, thus, no change on the bullish trend scenario that depends on the stability above the mentioned level, waiting to breach 1.1245 level to ease the mission of heading towards our first main target at 1.1356.
Stochastic current negativity might cause some temporary sideways fluctuation before resuming the bullish bias again.
Expected trading range for today is between 1.1140 support and 1.1356 resistance.
Expected trend for today: Bullish
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