Midday update for EURUSD 27-01-2017
Economies.com
2017-01-27 12:01PM UTC
The EURUSD pair settles at the bullish channel's support that appears on chart, noticing that stochastic provides positive overlapping signal on the four hours' time frame, waiting to rally to breach 1.0731 level followed by opening the way to head towards 1.0852 that represents the next main target.
Therefore, the positive scenario will remain valid for today unless breaking 1.0670 and the most important 1.0581 levels and holding below them.
Expected trading range for today is between 1.0581 support and 1.0800 resistance.
Expected trend for today: Bullish
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