The EURUSD resumes rising – Analysis - 01-06-2020

Economies.com
2020-06-01 04:28AM UTC

The EURUSD pair opens today’s trading with clear rise after approaching 1.1067 level in the previous sessions, to approach our waited target at 1.1170, noticing that stochastic provides positive overlapping signal that supports the chances of achieving more rise to breach the targeted level and open the way to achieve more targets on the short term basis.

 

Therefore, we will continue to suggest the bullish trend for the upcoming period unless we witnessed clear break and hold below 1.1067.

 

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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