EURUSD resumes rising – Analysis - 05-06-2017
Economies.com
2017-06-05 01:46AM UTC
The EURUSD pair traded with strong positivity on last Friday to approach from 1.1300 barrier, which confirms the continuation of the bullish trend on the intraday and short term basis, and the way is open to visit 1.1365 that represents our next main target.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions supported by the EMA50, noting that breaching the targeted level will extend the pair's gains to reach 1.1615 as a next main station, while the expected rise will remain valid conditioned by holding above 1.1123.
Expected trading range for today is between 1.1200 support and 1.1400 resistance.
Expected trend for today: Bullish
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