EURUSD gathers momentum – Analysis - 23-03-2017
Economies.com
2017-03-23 04:50AM UTC
The EURUSD pair shows slight bearish bias with the opening of today’s trading, while stochastic heads to the oversold levels now, waiting for forming positive motive that supports the bullish rebound to continue the overall bullish trend.
In general, we keep preferring the bullish trend on the intraday and short term basis, supported by the EMA50, and the targets begin at 1.0852 and extend to 1.0973 after breaching the previous level, taking into consideration that breaking 1.0731 level will stop the suggested rise and pushes the price to visit 1.0581 levels before any new attempt to rise.
Expected trading range for today is between 1.0700 support and 1.0900 resistance.
Expected trend for today: Bullish
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