Midday update for the EURUSD 17-03-2023

Economies.com
2023-03-17 10:29AM UTC

The EURUSD pair managed to breach 1.0640 level and hold above it, reinforcing the expectations of continuing the bullish trend for the rest of the day, opening the way to achieve our next target that reaches 1.0745.

 

Therefore, the bullish trend will remain active in the upcoming sessions, waiting to get positive motive that assists to push the price to continue the rise towards the expected target, noting that holding above 1.0640 represents the first condition to continue the bullish trend, as breaking it might press on the price to visit 1.0515 areas mainly.

 

The expected trading range for today is between 1.0560 support and 1.0730 resistance.

 

The expected trend for today: Bullish

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