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Midday update for EURUSD 02-08-2016
The EURUSD pair resumed its positive trading to breach 1.1196 level and achieved four hours close above it, which supports the continuation of our bullish trend expectations efficiently in the upcoming period, opening the way towards 1.1356 as a next main station.
Therefore, our positive expectations will remain valid for the rest of the day supported by the EMA50, pointing that the price might face a strong resistance barrier at 1.1280 before reaching to the above mentioned target, while the bullish bias will remain active unless breaking 1.1067 level and holding below it.
Expected trading range for today is between 1.1067 support and 1.1300 resistance.
Expected trend for today: Bullish
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