Midday update for EURUSD 20-01-2017
Economies.com
2017-01-20 11:38AM UTC
The EURUSD pair returns to trade negatively to test the EMA50, where the price affected by stochastic negativity, as long as the price above 1.0581, so the bullish trend scenario will remain valid until now, reminding you that our main targets begin at 1.0731 and extend to 1.0852.
You should be aware that breaking 1.0581 level will put the price under negative pressure that its main targets begin at 1.0452 and extend to the recorded bottom 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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