Midday update for EURUSD 27-06-2017
Economies.com
2017-06-27 10:40AM UTC
The EURUSD pair rallies higher strongly to breach 1.1235 level and attempts to settle above it, which requires being aware from the upcoming trading, where the chances available for continuing the rise in the upcoming sessions and regaining the main bullish trend, especially after forming good support base by the EMA50, besides the positive signal that comes from stochastic now.
Therefore, we recommend staying aside temporarily until getting clearer confirmation signal for the next trend, waiting for breaching 1.1282 resistance or breaking 1.1235 support to detect the next targets clearly.
Expected trading range for today is between 1.1150 support and 1.1300 resistance.
Expected trend for today: Neutral
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