Midday update for EURUSD 15-12-2016

Economies.com
2016-12-15 11:10AM UTC

The EURUSD pair resumes its negative trading after confirming the stability below 1.0519, which supports the continuation of our bearish trend expectations efficiently for the upcoming period, and the way is open to head towards our main target at 1.0326.

 

Therefore, we will be waiting for more decline for the rest of the day unless the price managed to breach 1.0519 level and hold above it again.

 

Expected trading range for today is between 1.0400 support and 1.0600 resistance.

 

Expected trend for today: Bearish

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