EURUSD resumes rising – Analysis - 25-05-2017
Economies.com
2017-05-25 02:44AM UTC
The EURUSD pair ended yesterday's trading above 1.1200 level, in attempt to form support base that reinforces the expectations of continuing the main bullish trend, which gets continuous positive support by the EMA50.
Therefore, we will continue to suggest the bullish trend on the intraday and short term basis unless breaking 1.1123 level and holding below it, reminding you that our next main target is located at 1.1365, which breaching represents the key to extend the pair's gains to reach 1.1615.
Expected trading range for today is between 1.1123 support and 1.1365 resistance.
Expected trend for today: Bullish
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