EURUSD achieves good gains – Analysis - 01-06-2017

Economies.com
2017-06-01 02:11AM UTC

The EURUSD pair traded with clear positivity yesterday after 1.1123 level proved its strength against the recent negative pressure, reinforcing the expectations of more rise in the upcoming period, and the way is open to visit the recently recorded top at 1.1365 as a next main station.

 

Therefore, we will continue to suggest the bullish trend on the intraday and short term basis, taking into consideration that breaking 1.1123 level will push the price to test 1.0973 areas before any new attempt to rise.

 

Expected trading range for today is between 1.1160 support and 1.1365 resistance.

 

Expected trend for today: Bullish

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