Midday update for EURUSD 20-10-2016
Economies.com
2016-10-20 10:14AM UTC
The EURUSD pair shows more negative attempts to keep approaching from 1.0938 level, reminding you that it is important to monitor the price behavior when reaching this level, as breaking it represents the key to extend the bearish wave to reach 1.0778 level direct.
Until now, the bearish trend scenario will remain valid for the rest of the day unless breaching 1.1067 level and holding above it, supported by the negative pressure provided by the EMA50.
Expected trading range for today is between 1.0850 support and 1.1067 resistance.
Expected trend for today: Bearish
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