Midday update for EURUSD 30-09-2016

The EURUSD pair traded with clear negativity this morning to attack 1.1196 level and settles below it now, which urges caution from the upcoming trading, as holding below it represents negative factor that will stop the suggested rise and lead the price to visit 1.1067 level direct.

Until now, we will keep our positive overview for the upcoming period supported by stochastic positivity, and the price needs to step above 1.1196 level again to reinforce the chances of heading towards 1.1356 level initially, being aware that it is important to monitor the daily candlestick according to 1.1196 level to confirm the next destination.

Expected trading range for today is between 1.1140 support and 1.1356 resistance.

Expected trend for today: Bullish