EURUSD achieves strong gains – Analysis - 06-12-2016
Economies.com
2016-12-06 05:39AM UTC
The EURUSD pair continued its bullish rally strongly yesterday to touch the first waited positive target at 1.0778 after confirming breaching 1.0685 level, activating the bullish trend scenario on the intraday and short term basis, waiting to breach 1.0778 level to open the way to extend the pair's gains towards 1.0938 as a next main station.
Therefore, the bullish trend will be suggested in the upcoming sessions supported by the EMA50, conditioned by the price stability above 1.0685 level, noting that the EMA50 provides good support to the suggested bullish wave.
Expected trading range for today is between 1.0685 support and 1.0900 resistance.
Expected trend for today: Bullish
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