EURUSD keeps its positive stability – Analysis - 01-07-2016

The EURUSD attempted to break 1.1067 level but it bounced bullishly to end yesterday’s trading above this level, which keeps the bullish trend scenario valid and active on the intraday and short term basis, supported by the positive signal provided by stochastic now, waiting to resume the bullish bias that its targets begin by testing 1.1196 level.

The price needs to breach the mentioned level to confirm extending the pair’s gains to reach 1.1356 as a next main station, reminding you that breaking 1.1067 level will stop the bullish bias temporarily and push the price to test areas around 1.0937 before any new attempt to rise.

Expected trading range for today is between 1.1000 support and 1.1270 resistance.

Expected trend for today: Bullish