EURUSD retests – Analysis - 02-03-2017
Economies.com
2017-03-02 05:21AM UTC
The EURUSD pair approached from retesting 1.0581 level yesterday and bounced lower from there, where the EMA50 meets the mentioned level to strengthen it, which supports the continuation of the negative scenario in the upcoming period, and its initial target located at 1.0430.
Therefore, the bearish bias will be preferred for today unless breaching 1.0581 level, where breaching this level will lead the price to achieve gains that begin at 1.0731 mainly.
Expected trading range for today is between 1.0430 support and 1.0600 resistance.
Expected trend for today: Bearish
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