EURUSD approaches from the target – Analysis - 13-02-2017

The EURUSD pair continued the negative crawl slowly to approach from our waited target at 1.0581, reminding you that monitoring the price behavior when reaching this level, due to its importance to detect the next trend on the short and medium term basis, where breaking it will push the price to head 1.0339 as a next main station, while its stability against the current decline will turn the price to resume its bullish correctional track.

In general, the temporary decline will remain preferred in the upcoming sessions unless breaking the targeted level, pointing that breaching 1.0731 will push the price to regain its bullish track that its next target located at 1.0852.

Expected trading range for today is between 1.0550 support and 1.0731 resistance.

Expected trend for today: Bearish temporarily