Midday update for EUR USD 27/05/2015

Economies.com
2015-05-27 10:32AM UTC

The EURUSD pair showed some slight positive trading this morning that was affected by stochastic positivity, which loses its bullish momentum clearly now, and that supports the chances of turning back to resume the expected bearish trend for today, which mainly depends on holding below 1.1050.

 

Therefore, the bearish trend scenario will remain active for the rest of the day supported by the EMA50, reminding you that breaking 1.0800 will extend the bearish wave to reach 1.0640.

 

Expected trading range for today is between 1.0750 support and 1.1000 resistance.

 

Expected trend for today: Bearish

 

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