EURUSD shows weak trading – Analysis - 27-12-2016

The EURUSD pair settles below the EMA50 that continues to form good negative pressure against the price, showing slight negative trading by this week opening, as markets affected by the weak trading volumes caused by the end of year's holidays season.

In general, the bearish trend scenario still valid and active on the short term basis depending on the organized trading inside the bearish channel that appears on chart, waiting to target 1.0326 level initially, which breaking it represents the key to head towards 1.0185 as a next main station, reminding you that holding below 1.0519 represents key condition to achieve the suggested targets.

Expected trading range for today is between 1.0300 support and 1.0519 resistance.

Expected trend for today: Bearish