Midday update for EURUSD 01-03-2017

Economies.com
2017-03-01 11:01AM UTC

The EURUSD pair resumes its negative trading moving away from 1.0581 level, which supports the continuation of the bearish trend expectations for the rest of the day, and the way is open for testing 1.0435 level initially, supported by the EMA50 that presses on the price.

 

Note that breaching 1.0581 level will stop the current decline and leads the price to return to the bullish correctional track.

 

Expected trading range for today is between 1.0435 support and 1.0640 resistance.

 

Expected trend for today: Bearish

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