EURUSD needs a positive motive – Analysis - 29-05-2017
Economies.com
2017-05-29 02:06AM UTC
The EURUSD pair shows weak trading with the beginning of today’s trading, and we expect witnessing weak move affected by the UK and US markets' holidays today, pointing that the stability of the price above 1.1123 level keeps the overall bullish trend scenario active in the upcoming period, supported by stochastic and the EMA50 positivity.
Therefore, we will keep preferring the bullish trend on the intraday and short term basis, reminding you that our next main target located at 1.1365, taking into consideration that breaking 1.1123 level will push the price to test 1.0973 levels before any new attempt to rise.
Expected trading range for today is between 1.1100 support and 1.1270 resistance.
Expected trend for today: Bullish
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