Midday update for EUR USD 05/10/2015
Economies.com
2015-10-05 11:03AM UTC
The EURUSD pair makes a new test to the critical resistance level at 1.1280, as we mentioned in our last reports, the price needs to settle below this level to keep the negative scenario valid, which its targets begin by breaking 1.1180 level to confirm opening the way towards heading to our main targets that located at 1.1060 then 1.0860.
You should monitor the trading carefully, specially that stochastic provides positive signal now that assists to push the price to provide more of the positive attempts in the upcoming sessions.
Expected trading range for today is between 1.1100 support and 1.1340 resistance.
Expected trend for today: Bearish
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