Midday update for EURUSD 17-02-2017
Economies.com
2017-02-17 11:24AM UTC
The EURUSD pair shows some bearish bias affected by stochastic negativity, to test the EMA50 that forms intraday support at 1.0640, and as long as the price is above 1.0581, our bullish overview will remain valid and active, waiting to breach 1.0731 level to confirm opening the way to head towards 1.0852.
Carefully note that breaking 1.0581 will put the price under negative pressure that might push it to test the previously recorded low at 1.0339.
Expected trading range for today is between 1.0600 support and 1.0800 resistance.
Expected trend for today: Bullish
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