Midday update for EUR USD 28/08/2015
Economies.com
2015-08-28 11:11AM UTC
The EURUSD pair continues to fluctuate near 50% Fibonacci correction level and the EMA50 keeps forming a negative pressure against the intraday trading, while stochastic loses its positive momentum gradually.
Therefore, these factors keep the bearish trend scenario valid for today, which depend on the stability below 1.1385 level, while its targets begin by breaking 1.1180 level to head towards 1.1060.
Expected trading range for today is between 1.1100 support and 1.1385 resistance.
Expected trend for today: Bearish
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