Midday update for EURUSD 03-03-2017

Economies.com
2017-03-03 11:40AM UTC

The EURUSD pair tests the resistance line that appears in the chart, accompanied by stochastic approach from the overbought levels, which supports the chance for bouncing lower to resume the main bearish trend, which remains active for today as long as the price below 1.0581 level.

 

The EMA50 supports the expected decline, and its main targets begin at 1.04250 and extend to 1.0339.

 

Expected trading range for today is between 1.0400 support and 1.0600 resistance.

 

Expected trend for today: Bearish

 

 

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