Midday update for EURUSD 14-02-2017
Economies.com
2017-02-14 11:55AM UTC
The EURUSD pair made an initial test to the falling wedge's resistance that appears on the above chart, while stochastic provides positive signals that we are waiting to motivate the price to breach the mentioned resistance at 1.0640, which will push the price upwards towards our first target at 1.0852.
Therefore, the bullish trend scenario will remain valid and active for today unless breaking 1.0581 level, reminding you that breaching 1.0852 level will extend the pair's gains to reach 1.0973 as a next main station.
Expected trading range for today is between 1.0520 support and 1.0700 resistance.
Expected trend for today: Bullish
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