Midday update for EURUSD 16-05-2018
Economies.com
2018-05-16 09:28AM UTC
The EURUSD pair fluctuates around 1.1830 level since morning, and as long as the price is below 1.1929, the bearish trend scenario will remain active in the upcoming period, supported by the negative pressure formed by the EMA50, reminding you that our next target is located at 1.1785, which breaking it represents the key to extend the bearish wave towards 1.1700.
Expected trading range for today is between 1.1720 support and 1.1900 resistance.
Expected trend for today: Bearish
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