Midday update for EUR USD 27/11/2015
Economies.com
2015-11-27 10:52AM UTC
The EURUSD pair traded with clear negativity this morning in attempt to move away from 1.0615 level, which supports the continuation of our bearish overview efficiently for the rest of the day, opening the way to head towards 1.0500 as a first main target.
The EMA50 keeps supporting the suggested bearish wave, which will remain valid conditioned by holding below 1.0660 level.
Expected trading range for today is between 1.0500 support and 1.0700 resistance.
Expected trend for today: Bearish
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