Midday update for EURUSD 12-01-2017
Economies.com
2017-01-12 11:11AM UTC
The EURUSD pair resumes its positive trading after confirming breaching 1.0581 level, to keep the bullish trend dominant on the intraday trading, and the way is open towards visiting 1.0731 level that represents the next main target, pointing that breaching this level will extend the gains to reach 1.0852.
Therefore, our positive expectations will remain valid for today supported by the EMA50, conditioned by holding above 1.0581 level and the most important above 1.0519.
Expected trading range for today is between 1.0519 support and 1.0731 resistance.
Expected trend for today: Bullish
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