EURUSD gets the positive momentum – Analysis - 28-07-2017

The EURUSD pair settles around 1.1680 level since yesterday, and the EMA5o keeps providing the positive support to the price, noticing that stochastic managed to gain the positive momentum on the four hours' time frame, staring to provide positive overlapping signal to provide positive motive that we are waiting to push the price to rise again.

Therefore, we will keep our overall bullish trend expectations unless breaking 1.1610 level and holding below it, as breaking this level will push the price to visit 1.1418 areas before any new attempt to rise, while the expected bullish wave targets begin by breaching 1.1780 level to open the way to head towards 1.1870 as a next main station.

Expected trading range for today is between 1.1610 support and 1.1800 resistance.

Expected trend for today: Bullish