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Midday update for EURUSD 22-01-2018
The EURUSD pair rebounds bullishly after testing 1.2215 level this morning, to keep the bullish trend valid efficiently for the rest of the day, supported by stochastic positivity that appears clearly on the four hours’ time frame, reminding you that our first target is located at 1.2340.
Breaching the mentioned level will extend the bullish wave towards 1.2500, while holding above 1.2215 and 1.2165 represents key condition to continue the suggested rise.
Expected trading range for today is between 1.2165 support and 1.2340 resistance.
Expected trend for today: Bullish
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