EURUSD rallies strongly – Analysis - 01-02-2017
Economies.com
2017-02-01 05:17AM UTC
The EURUSD pair rallied upwards sharply yesterday to breach 1.0731 level and settles above it, which supports the continuation of our bullish trend expectations efficiently on the intraday and short term basis, and the way is open to visit our main waited target at 1.0852, to keep trading organized inside the bullish channel that appears on chart.
Therefore, we are waiting for more rise in the upcoming sessions, and breaching the targeted level will extend the pair's gains to reach 1.0973 as a next main station, while holding above 1.0731 represents key condition to continue the bullish momentum for today.
Expected trading range for today is between 1.0731 support and 1.0920 resistance.
Expected trend for today: Bullish
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