Midday update for EURUSD 17-01-2017
Economies.com
2017-01-17 11:35AM UTC
The EURUSD pair rallied higher strongly this morning heading towards our next main target at 1.0731, which supports the continuation of the bullish trend scenario efficiently on the intraday basis, reminding you that breaching the mentioned level will extend the pair’s gains to reach 1.0852 as a next main station.
Therefore, the bullish bias will remain preferred for the rest of the day unless breaking 1.0581 level and holding below it.
Expected trading range for today is between 1.0519 support and 1.0731 resistance.
Expected trend for today: Bullish
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