Midday update for the EURUSD 02-06-2020
Economies.com
2020-06-02 09:50AM UTC
The EURUSD pair rallied upwards strongly to succeed touching our waited target at 1.1170 and attempts to breach it now, which supports the continuation of our bullish overview in the upcoming sessions, paving the way to head towards our next positive target that extends to 1.1295.
Therefore, the bullish trend will remain active for the rest of the day, noting that failing to confirm the breach might press on the price to rebound bearishly and decline towards 1.1067 areas before any new attempt to rise.
The expected trading range for today is between 1.1070 support and 1.1230 resistance.
The expected trend for today: Bullish
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