EURUSD tests the support – Analysis - 28-04-2017
Economies.com
2017-04-28 03:58AM UTC
The EURUSD pair settles at the key support 1.0852 and keeps its stability above it until now, which keeps the bullish trend scenario valid until now, supported by the EMA50 that provides good positive support to the price, besides stochastic move at the oversold areas.
Therefore, we are waiting for positive trading in the upcoming sessions, which its targets begin at 1.0973, taking into consideration that breaking 1.0852 will complete negative formation that has the ability to push the price to cover the price gap that we witness by this week opening through visiting 1.0731 level before any new attempt to rise.
Expected trading range for today is between 1.0800 support and 1.1050 resistance.
Expected trend for today: Bullish
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