EURUSD resumes the decline – Analysis - 03-03-2017
Economies.com
2017-03-03 05:26AM UTC
The EURUSD pair traded with clear negativity yesterday to test 1.0500 barrier, showing some slight bullish bias affected by stochastic positivity, to approach from testing the resistance line that appears on chart, while the EMA50 keeps pushing negatively on the price.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions, which its next main target located at 1.0420, reminding you that breaching 1.0581 will stop the negative scenario and push the price to return to its correctional bullish 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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