Midday update for EURUSD 14-08-2017

Economies.com
2017-08-14 10:12AM UTC

The EURUSD pair shows slight bearish bias to move near the EMA50, and the price remains confined between the confirmation levels that represented by 1.1724 support and 1.1855 resistance, which keeps our neutral attitude valid, and the contradiction between the moving average positivity and stochastic negativity provides another reason for the neutrality.

 

To recognize the expected targets from breaching the mentioned levels, please review our morning report.

 

Expected trading range for today is between 1.1724 support and 1.1950 resistance.

 

Expected trend for today: Depends on the above mentioned levels

 

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