Midday update for EUR USD 07/10/2015
Economies.com
2015-10-07 10:45AM UTC
The EURUSD pair shows slight bearish bias after testing 1.1280 level this morning, the price affected by stochastic negativity that appears on the four hours time frame, therefore, our bearish trend expectations remain valid for the rest of the day, and the targets begin by breaking 1.1180 level to open the way towards 1.1060 initially.
Holding below 1.1280 level keeps the most important factor for the continuation of the suggested bearish trend.
Expected trading range for today is between 1.1100 support and 1.1380 resistance.
Expected trend for today: Bearish
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