EURUSD resumes the decline – Analysis - 10-02-2017
Economies.com
2017-02-10 05:20AM UTC
The EURUSD pair provided negative trading after testing the EMA50 yesterday, which supports the continuation of the bearish trend scenario on the intraday basis, which targets testing 1.0581 level mainly, reminding you that this decline is temporary unless breaking the targeted level, waiting the price to return to resume the bullish trend again.
Holding below 1.0731 represents key condition to continue the expected decline, as breaching this level will stop the suggested negative scenario and lead the price to head towards 1.0852 initially.
Expected trading range for today is between 1.0581 support and 1.0760 resistance.
Expected trend for today: Bearish
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