EURUSD tests the channel's support – Analysis - 03-02-2017
Economies.com
2017-02-03 05:30AM UTC
The EURUSD pair returns to test the bullish channel's support that carries trading from 1.0339 areas, noticing that the EMA50 meets the mentioned channel's support to add more strength to it, while stochastic reaches the oversold areas now.
Therefore, these factors encourage us to keep our bullish overview in the upcoming period, which its targets begin at 1.0852 and extend to 1.0973 after breaching the previous level, taking into consideration that breaking 1.0731 level will stop the suggested positive level and push the price to head towards 1.0581.
Expected trading range for today is between 1.0680 support and 1.0920 resistance.
Expected trend for today: Bullish
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