Midday update for EURUSD 09-02-2017
Economies.com
2017-02-09 12:06PM UTC
The EURUSD pair still stable below 1.0731 level, while the EMA50 keeps its negative pressure on the price, which keeps our bearish overview valid for the upcoming period, supported by the negative signal provided by stochastic.
Therefore, we are waiting for negative trading for the rest of the day unless breaching 1.0731 level and holding above it, reminding you that our main waited target is represented by testing 1.0581 level before attempting to return to rise.
Expected trading range for today is between 1.0581 support and 1.0750 resistance.
Expected trend for today: Bearish
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