Midday update for EURUSD 24-05-2017
Economies.com
2017-05-24 10:24AM UTC
The EURUSD pair shows sideways and tight trading since morning settling around 1.1180 level, while stochastic begins to provide positive overlapping signal on the four hours' time frame, reinforcing the expectations of resuming the bullish trend in the upcoming sessions, waiting to visit 1.1365 level mainly.
The EMA50 keeps supporting the price from below, reminding you that holding above 1.1123 represents key condition to continue the expected rise for today.
Expected trading range for today is between 1.1100 support and 1.1300 resistance.
Expected trend for today: Bullish
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