EURUSD shows some positivity – Analysis - 19-12-2016
Economies.com
2016-12-19 05:10AM UTC
The EURUSD pair settles around 1.0450 level after the rise that appeared on last Friday, and stochastic continues to move at the overbought areas, while the EMA50 keeps pushing negatively on the intraday and short term trading.
Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming period, noting that that the waited targets begin at 1.0326 and extend to 1.0275, taking into consideration that the continuation of the expected decline depends on the stability below 1.0519.
Expected trading range for today is between 1.0326 support and 1.0519 resistance.
Expected trend for today: Bearish
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