Midday update for EURUSD 29-03-2017
Economies.com
2017-03-29 11:33AM UTC
The EURUSD pair continues its negative trading to push on the EMA50 and attempts to hold below it, which supports the continuation of the bearish trend scenario that targets testing 1.0731 level, reminding you that the expected decline is temporary unless breaking the mentioned level and holding below it, waiting for bullish rebound to target 1.0852 followed by 1.0973 levels mainly.
Note that breaking 1.0731 will push the price towards 1.0581 as a next main station.
Expected trading range for today is between 1.0731 support and 1.0900 resistance.
Expected trend for today: Bearish temporarily
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