EURUSD resumes the decline – Analysis - 20-12-2016
Economies.com
2016-12-20 05:02AM UTC
The EURUSD pair bounced bearishly yesterday after testing 1.0500 barrier, to resume the main bearish track that moves organized inside the bearish channel that appears on chart, reinforcing our expectations of heading towards our main targets that begin at 1.0326 and extend to 1.0255.
The EMA50 keeps pushing negatively on the intraday and short term trading, to keep the bearish trend scenario active for today unless breaching 1.0519 level and holding above it.
Expected trading range for today is between 1.0300 support and 1.0500 resistance.
Expected trend for today: Bearish
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