EURUSD is forced for some decline – Analysis - 24-05-2017
Economies.com
2017-05-24 03:11AM UTC
The EURUSD pair settled around 1.1180 level after the decline that appeared yesterday, accompanied by stochastic entering the oversold areas, while the EMA50 keeps providing the positive support to the price.
Therefore, we believe that the chances are valid to rebound bullishly and resume the main bullish trend, reminding you that our next main target is located at 1.1365, while the price needs to hold above 1.1123 to keep the chances of continuing the positive scenario for the upcoming period.
Expected trading range for today is between 1.1100 support and 1.1300 resistance.
Expected trend for today: Bullish
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