EURUSD achieves more gains – Analysis - 22-05-2017
The EURUSD pair ended last week above 1.1200 barrier, which adds more support to the expectations of the bullish trend, and the price heads towards confirming the continuation of rising on the short term and medium term basis, as our next main target is located at 1.1365.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions, supported by the EMA50 that keeps carrying the price from below, noting that stochastic current negativity might push the price to test the support base formed above 1.1123 before resuming the suggested rise, and holding above it represents key condition to continue the bullish trend for today.
Expected trading range for today is between 1.1123 support and 1.1300 resistance.
Expected trend for today: Bullish
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