The EURUSD attempts positively – Analysis - 02-06-2020

Economies.com
2020-06-02 04:12AM UTC

The EURUSD pair fluctuates around 1.1125 level, and it needs strong positive motive that supports the chances of resuming the expected bullish trend for the upcoming period, which targets testing 1.1170 level initially.

 

In general, we will continue to suggest the bullish trend for the upcoming period as long as 1.1067 level remains intact, supported by the EMA50 that carries the price from below, reminding you that breaching the targeted level will extend the bullish wave to reach 1.1295 as a next main station.

 

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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