EURUSD leans on the moving average – Analysis - 15-03-2017
Economies.com
2017-03-15 05:19AM UTC
The pair managed to form good support to stop the decline that controls the last trading, keeping its stability above the critical support level at 1.0581, noticing that stochastic continues providing oversold signals on the four hours’ time frame.
Therefore, these factors encourage us to keep preferring the bullish trend in the upcoming sessions, and its next target located at 1.0731, reminding you that breaching this level will extend the pair’s gains to reach 1.0852 as a next main station, while the suggested rise will remain valid unless breaking 1.581 level and holding below it.
Expected trading range for today is between 1.0525 support and 1.0731 resistance.
Expected trend for today: Bullish
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