Midday update for EURUSD 13-12-2016
Economies.com
2016-12-13 11:26AM UTC
The EURUSD pair shows some slight bearish bias now after facing solid resistance formed by the EMA50, besides the affection of stochastic negativity, to stay inside the sideways range that its lines represented by 1.0519 support and 1.0685 resistance, and we are still waiting to breach one of these levels to detect the next destination clearly.
We remind you that breaching the resistance will lead the price for attempts to achieve gains that start at 1.0778 and extend to 1.0938 mainly, while breaking the support represents negative factor that will push the price to visit 1.0326 areas on the near term basis.
Expected trading range for today is between 1.0519 support and 1.0750 resistance.
Expected trend for today: Sideways
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