Midday update for EURUSD 31-05-2017

Economies.com
2017-05-31 10:31AM UTC

The EURUSD pair didn’t show any strong move since morning, to keep fluctuating near 1.1200 level, and the price gets positive support from the EMA50, reinforcing the expectations of resuming the rise in the upcoming sessions.

 

In general, the bullish scenario will remain valid unless breaking 1.1123 level and holding below it, reminding you that our main waited target located at 1.1365.

 

Expected trading range for today is between 1.1100 support and 1.1300 resistance.

 

Expected trend for today: Bullish

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