EURUSD approaches the target – Analysis - 13-12-2017

The EURUSD pair begins today's trading with slight bullish bias after the decline that it witnessed on yesterday's evening, as the price if affected by stochastic positivity, and it might show new test to 1.1808 level before resuming the bearish bias again, noting that the EMA50 keeps pushing negatively on the price to support the chances of continuing the bearish bias in the upcoming sessions.

Therefore, we are waiting for negative trades in general for today, and the main target is represented by testing 1.1679, reminding you that breaking this level will extend the bearish correction to target 1.1423 areas mainly, while breaching 1.1808 will stop the negative overview and push the price to regain the main bullish trend again.

Expected trading range for today is between 1.1680 support and 1.1840 resistance.

Expected trend for today: Bearish