EURUSD resumes rising – Analysis - 31-05-2017
Economies.com
2017-05-31 01:35AM UTC
The EURUSD pair kept its stability above the critical support at 1.1123 after yesterday’s negative pressure, and it gets positive signal by stochastic now, which supports the chances for the continuation of the bullish bias in the upcoming sessions, waiting for testing 1.1365 level mainly.
Therefore, we prefer continuing the rise on the intraday and short term basis, taking into consideration that breaking 1.1123 level will push the price to visit 1.0973 levels before any new attempt to rise.
Expected trading range for today is between 1.1100 support and 1.1300 resistance.
Expected trend for today: Bullish
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