EURUSD begins positively – Analysis - 12-06-2017

The EURUSD pair opens this week by slight positivity to move above 1.1200 level, noticing that stochastic provides positive overlapping signal on the four hours' time frame, to form positive motive that we are waiting to assist to push the price to surpass the EMA50 that forms intraday resistance at 1.1215 followed by getting rid of the negative pressure that dominates the recent trading, to rally towards our next target at 1.1365.

Therefore, the bullish trend scenario will remain valid and active in the upcoming sessions conditioned by the price stability above 1.1123, reminding you that breaching 1.1365 will extend the price gains to reach 1.1615 as a next main station.

Expected trading range for today is between 1.1123 support and 1.1320 resistance.

Expected trend for today: Bullish