Midday update for EURUSD 30-10-2017
Economies.com
2017-10-30 10:42AM UTC
The EURUSD pair shows some slight bullish bias since morning affected by stochastic positivity that loses its bullish momentum gradually, accompanied by the price approach from the key resistance at 1.1679, and as we mentioned in our recent reports, holding below this level keeps the negative effect of the head and shoulders' active, waiting for more decline on the short term basis.
Therefore, we will continue to suggest the bearish trend conditioned by holding below 1.1679, reminding you that our next target is located at 1.1423.
Expected trading range for today is between 1.1500 support and 1.1679 resistance.
Expected trend for today: Bearish
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