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EURUSD within positive pattern – Analysis - 16-01-2018
The EURUSD pair shows some slight bearish bias affected by stochastic negativity, noticing that the recent trades are confined inside bullish flag that appears on the minor image, which means that breaching 1.2280 will activate the positive effect of this pattern and push the price to breach 1.2300 level and eases the mission of heading towards our next main target at 1.2565.
Therefore, we believe that the chances are valid to resume the bullish trend in the upcoming sessions, conditioned by the price stability above 1.2155.
Expected trading range for today is between 1.2200 support and 1.2370 resistance.
Expected trend for today: Bullish
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