Midday update for EURUSD 01-02-2017
Economies.com
2017-02-01 12:21PM UTC
The EURUSD pair fluctuates near 1.0800 level since morning, and it begins providing positive signals now waiting for resuming the bullish bias that targets 1.0852 level as a next main station, where the EMA50 continues to provide positive support for the price, while stochastic signals that the price needs more of the positive momentum to rally higher.
In general, the bullish trend will remain valid and active in the upcoming period unless breaking 1.0731 level and holding below it, reminding you that breaching 1.0852 level will push the price towards 1.0973 on the near basis.
Expected trading range for today is between 1.0731 support and 1.0920 resistance.
Expected trend for today: Bullish
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