Midday update for EUR USD 31/03/2015
Economies.com
2015-03-31 11:20AM UTC
The EURUSD pair succeeded to break the double top pattern’s neckline mentioned this morning at 1.0800 and settled below it, which activates the negative effect of this pattern, which supports the continuation of the bearish bias for the rest of the day, waiting to target 1.0600 initially.
Therefore, we will keep our bearish trend overview for today unless breaching 1.0860 level and holding above it.
Expected trading range for today is between: 1.0650 support and 1.0900 resistance.
Expected trend for today: Bearish
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