Midday update for EURUSD 17-10-2017
Economies.com
2017-10-17 10:00AM UTC
The EURUSD pair crawls downwards gradually to move away from 1.1817 level, to keep the bearish trend scenario active for the rest of the day, supported by the EMA50 that pushes negatively on the price, reminding you that our waited target is located at 1.1679.
We remind you that breaching 1.1817 will lead the price to return to the main bullish trend that its targets begin at 1.2100 and extend to 1.2300.
Expected trading range for today is between 1.1679 support and 1.1840 resistance.
Expected trend for today: Bearish
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