Midday update for EUR USD 26/11/2015
Economies.com
2015-11-26 11:37AM UTC
The EURUSD pair shows negative attempts to close the last four hours below 1.0615 level, which represents an initial negative motive that supports the continuation of the expected bearish trend in the upcoming period, supported by stochastic approach gradually from the overbought levels.
Therefore, the bearish trend scenario remains valid and active on the intraday and short term basis, supported by the EMA50, waiting for heading towards 1.0500 then 1.0350 on the near basis, reminding you that holding below 1.0690 level conditioned for achieving the suggested targets.
Expected trading range for today is between 1.0500 support and 1.0720 resistance.
Expected trend for today: Bearish
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