EURUSD attempts to breach – Analysis - 08-12-2016
Economies.com
2016-12-08 05:03AM UTC
The EURUSD pair continued its positive trading that started after approaching from 1.0685 level, to touch 1.0778 level now and begin the attempts to breach this level, which supports the continuation of the bullish trend scenario efficiently in the upcoming period, reinforced by the EMA50 that carries the price from below.
Therefore, we believe that the chances are valid to breach the mentioned resistance followed by opening the way to head towards our next target at 1.0938, reminding you that it is important to hold above 1.0685 to continue the suggested positive scenario.
Expected trading range for today is between 1.0700 support and 1.0900 resistance.
Expected trend for today: Bullish
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