Midday update for EURUSD 22-02-2018
Economies.com
2018-02-22 10:53AM UTC
The EURUSD pair shows slight bullish bias to approach form retesting the broken support, which turns into an important resistance now at 1.2310, where the price affected by stochastic positivity, as long as the price below this level, so our bearish trend expectations will remain valid for today, waiting for targeting 1.2160 level mainly.
The EMA50 supports the expected decline, while breaching 1.2310 represents the key of regaining the bullish trend that its initial main target located at 1.2536.
Expected trading range for today is between 1.2160 support and 1.2330 resistance.
Expected trend for today: Bearish
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