EURUSD keeps the support base – Analysis - 26-01-2017
Economies.com
2017-01-26 04:46AM UTC
The EURUSD pair settles above 1.0731 level, and the price shows sideways fluctuation since the beginning of the week, while the EMA50 continues to provide the positive support to the price to protect trading inside the bullish channel that appears on chart.
Therefore, we will continue to suggest the bullish trend on the intraday and short term basis, which its next target located at 1.0852, reminding you that breaking 1.0731 level might push the price to visit 1.0650 and might extend to 1.0581 areas before any new attempt to rise.
Expected trading range for today is between 1.0675 support and 1.0870 resistance.
Expected trend for today: Bullish
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