FX.co ★ Daily analysis of EUR/USD for April 28, 2016

Overview

The EUR/USD pair has been trading positively since morning moving away from the bullish channel's support, which favors expectations for the bullish trend continuation in the upcoming period. Positive stochastic and the EMA50 also support out outlook. Therefore, we believe that the way is open towards targeting 1.1494 levels as an initial main station. Holding above the 1.1264 level keeps the chances of achieving the awaited targets.

The expected trading range for today is between the 1.1264 support and the 1.1494 resistance.