EURUSD attacks the resistance – Analysis - 30-01-2017

The EURUSD pair showed clear negative trading on last Friday's evening to push on the minor bullish channel's support that appears on chart, but it managed to keep its positive stability inside it, beginning this week with bullish bias to start the attempts to breach 1.0731 level, which supports the continuation of our bullish overview efficiently on the intraday and short term basis, which its next target located at 1.0852.

Therefore, the bullish bias will remain suggested in the upcoming sessions supported by the EMA50, conditioned by the price stability above 1.0655 level, as breaking this level will put the price under negative pressure that threats the most important support to the short term trading at 1.0581.

Expected trading range for today is between 1.0655 support and 1.0852 resistance.

Expected trend for today: Bullish