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Midday update for EURUSD 01-08-2016
The EURUSD pair shows sideways and tight trading since morning settling near 1.1196 level, noticing that stochastic begins the attempts to get rid of the negative momentum to gain the positive momentum on the four hours' time frame, which supports the chances of resuming the main bullish trend, which gets continuous support by the EMA50.
Therefore, our positive overview will remain valid for today conditioned by the price stability above 1.1067 level, reminding you that our extended target reaches to 1.1356 on the near term basis.
Expected trading range for today is between 1.1067 support and 1.1300 resistance.
Expected trend for today: Bullish
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