Midday update for EUR USD 30/07/2015
Economies.com
2015-07-30 10:28AM UTC
The EURUSD pair keeps its stability below 1.0990 level, to keep the negative pressure valid for the rest of the day, supported by the EMA50, waiting for visiting 1.0880 then 1.0740 levels mainly.
Stochastic current positivity causes some slight bullish bias to retest 1.0990 level, pointing that breaching this level will stop the suggested decline and pushes the price to head towards 1.1100 initially.
Expected trading range for today is between 1.0850 support and 1.1100 resistance.
Expected trend for today: Bearish
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