Midday update for EURUSD 03-01-2017
Economies.com
2017-01-03 11:00AM UTC
The EURUSD pair trades with clear negativity since morning to move away from the bearish channel's resistance that appears on the above chart, which supports the continuation of our bearish overview efficiently in the upcoming sessions, and the way is open to target 1.0326 level initially, which breaking it represents the key to head towards 1.0110 as a next main station.
In general, the expected decline will remain valid unless breaching 1.0519 level and holding above it.
Expected trading range for today is between 1.0350 support and 1.0550 resistance.
Expected trend for today: Bearish
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