EURUSD amid positive outlook - Technical Analysis - 03-02-2016
EURUSD rose in the short term with the positive help of the SMA50, and with the overall guidance of the upward short-term trend along its rising line as shown in the attached chart, while noting a venting-off of overbought saturation that was apparent in relative power indicators, which add to signs of buoyancy for the pair's next movements.
Therefore we expect more gains to come for the pair, targeting the resistance of 1.0965, readying to tackle it.
Trend
Bullish