EURUSD achieves strong gains – Analysis - 28-06-2017

The EURUSD pair succeeded to confirm breaching 1.1282 level after closing the daily candlestick above it, to exit from the sideways range that appears on chart, noticing that the price moves inside bullish channel that carries trading since the middle of last March, which has positive targets that extend to reach 1.1565 followed by 1.1615

Therefore, we believe that the way is open to continue rising on the intraday and short term basis, supported by the EMA50 that carries the price from below, noting that breaching 1.1418 will ease the mission of achieving the suggested targets, while the suggested rise will remain valid unless the price broke 1.1282 followed by 1.1175 levels and held below them.

Expected trading range for today is between 1.1280 support and 1.1450 resistance.

Expected trend for today: Bullish