EURUSD confirms the breach – Analysis - 03-11-2016

FX:EURUSD   Euro / U.S. Dollar
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The EURUSD             pair confirmed breaching 1.1067 level after closing the daily candlestick above it, reinforcing our expectations of achieving more gains on the intraday and short term basis, as the price gets good positive support by the EMA50, waiting to visit 1.1196 level as a next main station.

Therefore, we will continue to suggest the bullish trend in the upcoming sessions conditioned by the price stability above 1.1067 level, noting that breaching 1.1196 level will extend the bullish wave to reach 1.1356 direct.

Expected trading range for today is between 1.1067 support and 1.1250 resistance.

Expected trend for today: Bullish
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