Midday update for EURUSD 10-02-2017
Economies.com
2017-02-10 12:02PM UTC
The EURUSD pair shows slight bearish bias since morning heading gradually towards our main waited target at 1.0581, to keep the bearish trend active for today, supported by the negative pressure that comes from the EMA50, which depends on the stability below 1.0731.
Note that the stability of the targeted level against the current negative pressure will push the price to resume the short term bullish correctional track, and its next main target located at 1.0852, while breaking it will push the price to head to 1.0339 on the near term basis.
Expected trading range for today is between 1.0581 support and 1.0760 resistance.
Expected trend for today: Bearish
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