The EURUSD gathers the positive momentum - 27-01-2023

Economies.com
2023-01-27 05:00AM UTC

The EURUSD pair provided slight negative trades yesterday to test the EMA50, noticing that stochastic gathers the positive momentum clearly, waiting to motivate the price to resume the main bullish trend, which targets 1.1030 as a next station.

 

Therefore, our bullish overview will remain valid for the upcoming period, noting that breaking 1.0845 might press on the price to test 1.0745 areas before any new attempt to rise.

 

The expected trading range for today is between 1.0800 support and 1.0970 resistance.

 

The expected trend for today: Bullish

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