Midday update for EURUSD 23-10-2017
Economies.com
2017-10-23 10:14AM UTC
The EURUSD pair trades with slight negativity since morning to continue approaching from our waited target at 1.1679, reminding you that it is important to monitor the price behavior when reaching it as we mentioned in our morning report, while stochastic shows oversold signals that interpret the reasons of the slow negative fluctuation.
The EMA50 supports the expected decline, which will remain valid and dominant for today unless breaching 1.1850 level and holding above it.
Expected trading range for today is between 1.1660 support and 1.1850 resistance.
Expected trend for today: Bearish
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