EURUSD retests – Analysis - 07-03-2017
Economies.com
2017-03-07 05:17AM UTC
The EURUSD pair kept its stability above 1.0581 level after the retest process that made it for today, where the EMA50 meets this level to strengthen it, accompanied by stochastic enter to the oversold levels.
Therefore, these factors encourage us to keep preferring the bullish trend in the upcoming period, that its main targets begin by testing 1.0731 level, pointing that breaking 1.0581 will stop the expected rise and pushes the price to target 1.0500 levels initially.
Expected trading range for today is between 1.0500 support and 1.0700 resistance.
Expected trend for today: Bullish
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