EURUSD retests again – Analysis - 11-01-2017
Economies.com
2017-01-11 04:48AM UTC
The EURUSD pair returns to test the key support 1.0519 again, noticing that the EMA50 meets the mentioned support to add more strength to it, while stochastic shows clear oversold signals now.
Therefore, these factors encourage us to keep our bullish overview in the upcoming sessions, and the price needs to surpass 1.0581 level to confirm opening the way to head towards 1.0731 as a next main station, taking into consideration that breaking 1.0519 will complete forming double top pattern that has the ability to turn the price back to the bearish track, which its next main target located at 1.0326.
Expected trading range for today is between 1.0480 support and 1.0660 resistance.
Expected trend for today: Bullish
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