EURUSD is stable – Analysis - 08-06-2017
Economies.com
2017-06-08 00:58AM UTC
The EURUSD pair settles near 1.1260 level, pointing that the EMA50 keeps providing positive support for the price, to keep the chance valid for the continuation of the bullish trend in the upcoming sessions, reminding you that our next target at 1.1365, and breaching it represents the extension key of the pair’s gains to reach 1.1615.
Therefore, we will keep preferring the bullish trend on the intraday and short term basis unless breaking 1.1123 level and holding below it.
Expected trading range for today is between 1.1200 support and 1.1365 resistance.
Expected trend for today: Bullish
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