EURUSD touches the first target – Analysis - 16-03-2017
Economies.com
2017-03-16 05:24AM UTC
The EURUSD pair ended yesterday’s trading at our main waited target at 1.0731, where the daily candlestick closed above this level, which reinforces the expectations of the bullish wave extension on the short term basis, easing the way towards our next target that located at 1.0852.
Therefore, we keep preferring the bullish trend in the upcoming sessions, which gets good support from the EMA50, pointing that holding above 1.0581 represents the most important condition for the continuation of the suggested positive scenario.
Expected trading range for today is between 1.0640 support and 1.0852 resistance.
Expected trend for today: Bullish
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