Midday update for EURUSD 25-01-2017
Economies.com
2017-01-25 11:15AM UTC
The EURUSD pair keeps its stability above 1.0731 level, and stochastic begins to provide positive overlapping signals on the four hours time frame, which forms positive motive that we wait to assist to push the price to rise in the upcoming sessions, to keep the bullish trend scenario active for the rest of the day.
The EMA50 keeps supporting the expected bullish wave’s support, and its continuation conditioned by holding above 1.0731 level.
Expected trading range for today is between 1.0675 support and 1.0850 resistance.
Expected trend for today: Bullish
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