Midday update for EUR USD 26/05/2015
Economies.com
2015-05-26 10:38AM UTC
The EURUSD pair traded negatively this morning to begin attempts to break 1.0900 barrier, reinforcing the expectations of the bearish trend expectations in the upcoming period, which depends on the negative effect of the head and shoulders pattern that appears in the image, besides the pressure that comes from the EMA50.
Therefore, we will keep the bearish trend scenario for the rest of the day if the price settled below 1.1050 level, reminding you that our first main target at 1.0800.
Expected trading range for today is between 1.0800 support and 1.1050 resistance.
Expected trend for today: Bearish
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