Midday update for EURUSD 28-12-2016
Economies.com
2016-12-28 11:09AM UTC
The EURUSD pair shows negative trading in attempt to resume the bearish trend, as the price moves below the EMA50, while stochastic begins to overlap negatively on the four hours' time frame.
Therefore, our bearish expectations will remain valid efficiently for the upcoming period, and the first target is represented by testing 1.0326, reminding you that it is important to hold below 1.0519 to continue the expected decline.
Expected trading range for today is between 1.0350 support and 1.0519 resistance.
Expected trend for today: Bearish
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