EURUSD tests the moving average – Analysis - 23-12-2016
Economies.com
2016-12-23 05:24AM UTC
The EURUSD pair provided positive trading yesterday to test the EMA50, which formed solid resistance against the positive attempts, forcing the price to rebound bearishly and protect the bearish trend scenario suggested in our recent reports.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions conditioned by the price stability below 1.0519, noting that the expected targets begin at 1.0326 and extend to 1.0215.
Expected trading range for today is between 1.0300 support and 1.0519 resistance.
Expected trend for today: Bearish
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