EURUSD heads to retest – Analysis - 13-01-2017
Economies.com
2017-01-13 05:29AM UTC
The EURUSD pair shows some bearish bias after approaching from 1.0700 barrier yesterday, to head towards new retest to 1.0581 level, as the price was affected by stochastic negativity that gets rid of its negative momentum to reach the thresholds of the oversold areas, while the EMA50 continues to provide the positive support to the price.
Therefore, these factors encourage us to keep our bullish overview for the upcoming period, which its next main target located at 1.0731, reminding you that the continuation of the expected rise depends on the stability above 1.0581 and 1.0519.
Expected trading range for today is between 1.0519 support and 1.0731 resistance.
Expected trend for today: Bullish
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