EURUSD attacks the support – Analysis - 15-12-2016
Economies.com
2016-12-15 05:15AM UTC
The EURUSD pair begins today's trading with clear negativity after the strong decline that appeared on yesterday's evening, affected by the US dollar's rate decision last night, to attack the key support 1.0519 and settle below it now, to activate the negative scenario on the intraday and short term basis, paving the way to head towards 1.0326 as a next main station.
Therefore, we expect to witness more negative trading in the upcoming sessions supported by the EMA50, taking into consideration that breaching 1.0519 level and holding above it will push the price to the sideways track again.
Expected trading range for today is between 1.0400 support and 1.0600 resistance.
Expected trend for today: Bearish
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