EURUSD continues to rise – Analysis - 23-05-2017
Economies.com
2017-05-23 04:27AM UTC
The EURUSD pair continued achieving the gains yesterday to settle near 1.1250 level, and we believe that the way is open for targeting the recorded top at 1.1365 in the upcoming period, supported by the EMA50 that keeps carrying the price from below.
Therefore, the bullish trend will remain preferred for today, being aware that holding above 1.1123 represents an important condition for the suggested rise, where breaking it will push the price to test 1.0973 levels before any new attempt to rise.
Expected trading range for today is between 1.1180 support and 1.1365 resistance.
Expected trend for today: Bullish
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