EURUSD recovers – Analysis - 10-01-2017
Economies.com
2017-01-10 05:31AM UTC
The EURUSD pair rallied higher yesterday after testing 1.0519 level and holding above it, where it managed to surpass 1.0581 barrier to ease the way towards the continuation of the bullish trend and targeting 1.0731 level that represents the next main target for the current bullish wave.
Therefore, we will keep our bullish trend expectations valid efficiently in the upcoming period supported by the EMA50, taking into consideration that breaking 1.0519 level will put the price under negative pressure that leads the trading towards 1.0415 then 1.0326 levels initially.
Expected trading range for today is between 1.0519 support and 1.0731 resistance.
Expected trend for today: Bullish
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