Midday update for EURUSD 22-06-2017
Economies.com
2017-06-22 10:45AM UTC
The EMA50 formed good resistance against the EURUSD pair's recent attempt, to keep the price under the negative pressure on the intraday basis, while stochastic shows clear overbought signals.
Therefore, our bearish overview will remain valid for today conditioned by holding below 1.1220, waiting to target 23.6% Fibonacci correction located at 1.1060.
Expected trading range for today is between 1.1060 support and 1.1220 resistance.
Expected trend for today: Bearish
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