EURUSD negotiates the key resistance – Analysis - 29-06-2017

The EURUSD pair resumes its positive trading clearly by today's opening to start testing the key resistance 1.1418, and as we mentioned in our recent reports, breaching this level will reinforce the expectations of extending the bullish wave on the short term basis and opens the way to head towards our waited targets that reach to 1.1565 followed by 1.1615.

Therefore, the bullish trend scenario will remain valid for the upcoming period, organized inside the bullish channel that appears on chart, taking into consideration that holding above 1.1282 represents the first condition to continue the suggested bullish trend.

Expected trading range for today is between 1.1360 support and 1.1565 resistance.

Expected trend for today: Bullish