Update: Euro rebounds from the support
Economies.com
2016-05-30 09:34AM UTC
The EURUSD pair shows some bullish bias after touching the bullish channel’s support that appears on chart, as the price is affected by stochastic positivity, which might push the price to retest 1.1196 areas before turning back to decline.
In general, the negative scenario will remain valid unless breaching 1.1196 level and holding above it, reminding you with our first target at 1.1066, which breaking it represents the key to extend the bearish wave towards 1.0937.
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