EURUSD resumes rising – Analysis - 27-04-2017
Economies.com
2017-04-27 04:28AM UTC
The EURUSD pair trading bounced higher clearly after retesting the support base at 1.0852 yesterday, which supports the continuation of the bullish trend scenario efficiently on the intraday and short term basis, waiting for testing 1.0973 level initially, where breaching it represents the extension key for the pairs gains to 1.1123.
Therefore, we wait for more of the upside moves in the upcoming sessions supported by the EMA50, being aware that breaking 1.0852 level will push the price to test 1.0731 levels before any new attempt to rise.
Expected trading range for today is between 1.0852 support and 1.1050 resistance.
Expected trend for today: Bullish
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