EURUSD approaches from the target – Analysis - 16-12-2016
Economies.com
2016-12-16 05:03AM UTC
The EURUSD pair traded with strong negativity yesterday after confirming breaking 1.0519 level, to approach from our first main waited target at 1.0326, noticing that the price shows some bullish bias now affected by stochastic positivity, while the EMA50 keeps pushing negatively on the price.
Therefore, we will continue to suggest the bearish bias in the upcoming sessions as long as the price is below 1.0519, noting that surpassing the waited target will push the price to visit 1.0280 level as a next main station.
Expected trading range for today is between 1.0300 support and 1.0519 resistance.
Expected trend for today: Bearish
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