Midday update for EUR USD 04/09/2015

Economies.com
2015-09-04 10:59AM UTC

The EURUSD pair keeps its stability below 1.1180 level, to keep the negative pressure valid for the rest of the day, noticing that stochastic loses its positive momentum gradually to support the chances for resuming the bearish bias.

 

We remind you that breaking 1.1060 level required for extending the bearish wave towards 1.0860.

 

Expected trading range for today is between 1.1000 support and 1.1200 resistance.

 

Expected trend for today: Bearish

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