Midday update for EURUSD 28-06-2016

The EURUSD pair begins attempt to breach the critical resistance at 1.1067 and attempts to settle above it, which provides signals for the attempts of regaining the main bullish trend after forming a strong support barrier by 61.8% Fibonacci level against the price last sharp decline.

Therefore, the bullish bias will be preferred for the rest of the day conditioned by holding above 1.1067 level, waiting for visiting 1.1196 level mainly, which represents an important key for detecting the next trend, where breaching it will extend the pair’s gains to reach 1.1356 as a next main station.

Expected trading range for today is between 1.0900 support and 1.1196 resistance.

Expected trend for today: Bullish