Midday update for EURUSD 31-01-2017
Economies.com
2017-01-31 11:05AM UTC
The EURUSD pair hovers near 1.0731 level since morning and remains below it, while the price attempts to settle above the EMA50 that forms an intraday support base, waiting for the price arlly to breach the mentioned level then heading to our next main target at 1.0852.
Therefore, our bullish trend expectations will remain valid for the rest of the day until breaking 1.0630 then 1.0581 levels and holding below them, pointing that stochastic current negativity might cause some temporary sideways fluctuation before resuming the positive attempts.
Expected trading range for today is between 1.0630 support and 1.0852 resistance.
Expected trend for today: Bullish
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