Midday update for EURUSD 21-10-2016

Economies.com
2016-10-21 10:25AM UTC

The EURUSD pair continues to decline to test 1.0900 barrier and settles below it, which supports the continuation of our bearish expectations efficiently for the upcoming period, and the way is open to visit 1.0778 level that represents the next main target.

 

The EMA50 keeps pushing negatively on the intraday and short term trading to support the expected decline, which will remain active for today unless breaching 1.0938 and holding above it.

 

Expected trading range for today is between 1.0778 support and 1.1000 resistance.

 

Expected trend for today: Bearish

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