Midday update for EURUSD 20-10-2017

Economies.com
2017-10-20 10:58AM UTC

The EURUSD pair rebounds bearishly after testing the key resistance 1.1850, and as long as the price is below this level, our bearish overview will remain active for today, supported by the negativity that appears clearly on stochastic, waiting to visit 1.1679 mainly.

 

We should note that breaching 1.1850 will push 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 1.1700 support and 1.1870 resistance.

 

Expected trend for today: Bearish

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