Midday update for EUR USD 10/02/2016

The EURUSD pair traded with clear negativity this morning to push on the critical support level at 1.1264 now, as we mentioned this morning, the price needs to settle above this level for the continuation of the positive scenario in the upcoming period.

Until now, we will keep our bullish trend expectations on the intraday and short term basis unless witnessing a daily close below 1.1264, waiting for targeting 1.1355 then 1.1494 levels mainly, pointing that stochastic attempts to get rid of its negativity and gaining positive momentum that supports the expectations for moving higher.

Expected trading range for today is between 1.1200 support and 1.1400 resistance.

Expected trend for today: Bullish