EURUSD gets the positive momentum – Analysis - 02-06-2017
Economies.com
2017-06-02 02:05AM UTC
The EURUSD pair provided slight negative trading yesterday to settle near 1.1200 level, noticing that stochastic gains clear positive momentum on the four hours' time frame, while the EMA50 keeps providing the positive support to the price.
Therefore, these factors encourage us to continue suggesting the bullish trend in the upcoming period, which its next target located at 1.1365, while achieving it conditions holding above 1.1123.
It is important to be cautious during today's trading, especially at the time of releasing the US unemployment and non-farm payrolls data, which might cause high volatility at the markets.
Expected trading range for today is between 1.1160 support and 1.1365 resistance.
Expected trend for today: Bullish
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