Midday update for EURUSD 07-03-2017
The EURUSD pair pushes negatively on the critical support at 1.0581 to move below it now, which requires being aware in the upcoming trading, where the stability of the price below this level will stop the suggested positive scenario in our last reports and pushes the price to decline again.
Stochastic current positivity keeps the chances valid for the return of the upside track, to keep the morning suggested scenario valid until now, and the price needs to step above 1.0581 again to head towards 1.0731 as a next main station, while holding below 1.058 represents negative factor that will push the trading to visit 1.0500 level initially.
Expected trading range for today is between 1.0500 support and 1.0700 resistance.
Expected trend for today: Bullish
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