EURUSD gets a positive close – Analysis - 02-02-2018

The EURUSD pair continued to provide positive trades to close the daily candlestick above the Bullish channel’s Support, which supports the continuation of our bullish overview efficiently in the upcoming period, paving the way to head towards our next main station that reaches 1.2700.

Therefore, we will continue to suggest the bullish trend in the upcoming sessions supported by the EMA50, taking into consideration that holding above 1.2390 represents the first condition to continue the suggested rise, as breaking it will push the price to test the most important support to the short term trades at 1.2300 before any new attempt to rise.

Expected trading range for today is between 1.2400 support and 1.2600 resistance.