Midday update for EURUSD 12-10-2017
Economies.com
2017-10-12 09:07AM UTC
The EURUSD pair continues to crawl upwards after building good support base above 1.1817 level, to keep the bullish trend valid and active for the upcoming period, supported by the EMA50 that keeps carrying the price from below, waiting to visit 1.2100 that represents our first main target.
Holding above 1.1817 represents the most important condition to continue the expected rise for today and guarantee not turning to decline on the intraday basis.
Expected trading range for today is between 1.1800 support and 1.1980 resistance.
Expected trend for today: Bullish
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