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27.03.201716:04 Forex Analysis & Reviews: Daily analysis of EUR/USD for March 27, 2017

Long-term review

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Overview

The EUR/USD pair succeeded to breach 1.0852 level and closed the last 4-hour time frame above it. That supports the continuation of our bullish trend expectations efficiently in the upcoming period, easing the way towards our next target at 1.0973. Therefore, the bullish trend will remain preferred in the upcoming period. It points that holding above 1.0852 turns to be the first condition for the continuation of the expected rise, pointing that we need a daily close above this level to confirm the continuation of the suggested bullish bias. The expected trading range for today is between 1.0750 support and 1.0973 resistance.

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