EURUSD reaches the first target – Analysis - 27-03-2017

The EURUSD pair opens today’s trading this week with clear positivity this week to reach its first waited target at 1.0852, waiting for breaching this level to reinforce the expectations for the bullish wave extension to 1.0973, where the price gets continuous positive support from the EMA50, which encourages us to prefer more of the upside track moves in the upcoming sessions.

Therefore, we will keep preferring our positive expectations on the intraday and short term basis unless breaking 1.0731 level and holding below it, pointing that stochastic current negativity might cause some temporary sideways fluctuation until getting enough positive momentum to push the price to achieve the required breach and head to the extended targets.

Expected trading range for today is between 1.0750 support and 1.0973 resistance.

Expected trend for today: Bullish