Midday update for EURUSD 31-05-2016
Economies.com
2016-05-31 10:30AM UTC
The EURUSD pair did not show any strong move since morning, to keep its stability above 1.1066 level, as we mentioned this morning, holding above this level represents an important condition for the continuation of the expected bullish trend for today, which its targets begin by surpassing 1.1196 barrier to open the way towards 1.1356 as an initial main station.
Note that breaking 1.1066 level will push the price to achieve more of the bearish correction that its next target that located at 1.0937.
Expected trading range for today is between 1.1066 support and 1.1250 resistance.
Expected trend for today: Bullish
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