Midday update for EURUSD 23-01-2017
Economies.com
2017-01-23 11:35AM UTC
The EURUSD pair hovers around 1.0731 level since morning keeping its stability above it, and the price is affected by stochastic negativity that appears on the four hours' time frame, waiting to get enough positive momentum to push the price to resume the main bullish trend, which its next target located at 1.0852.
Therefore, the positive scenario will remain active for the rest of the day conditioned by the price stability above 1.0731, reminding you that breaking this level will push the price to visit 1.0581 level before any new positive attempt.
Expected trading range for today is between 1.0650 support and 1.0852 resistance.
Expected trend for today: Bullish
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