EURUSD heads towards the key resistance – Analysis - 02-12-2016

The EURUSD pair's positive trading extended to surpass the EMA50 and approach from the key resistance 1.0685, which represents one of the next trend keys besides 1.0519 support, as the price needs to breach one of these levels to detect the next targets clearly, which makes us continue with our neutrality until we get clearer confirmation signal for the next trend.

We remind you that breaching 1.0685 level will push the price to achieve gains that start at 1.0778 and extend to 1.0938, while breaking 1.0519 will push trading to resume the medium term bearish trend followed by targeting 1.0326 as a next main station.

Expected trading range for today is between 1.0519 support and 1.0778 resistance.

Expected trend for today: Depends on the above mentioned levels