Midday update for EURUSD 17-03-2017
Economies.com
2017-03-17 11:26AM UTC
The EURUSD pair shows sideways trading since morning settling around 1.0770 level, and as long as the price is above 1.0731 level, the bullish trend scenario will remain valid and active for the rest of the day, waiting to test 1.0852 as a next main station, reminding you that breaching this level will push the price towards 1.0973 on the near term basis.
The EMA50 keeps supporting the suggested bullish wave, noting that breaking 1.0731 will push the price to test 1.0581 areas before any new attempt to rise.
Expected trading range for today is between 1.0700 support and 1.0900 resistance.
Expected trend for today: Bullish
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