Midday update for EURUSD 05-12-2016
Economies.com
2016-12-05 11:09AM UTC
The EURUSD pair bounced upwards strongly after testing 1.0519 level this morning, to settle around the EMA50 and remain confined between the key levels represented by the mentioned support and 1.0685 resistance, which keeps our neutrality valid until now, waiting to breach one of these levels to detect the next destination clearly.
For more details about the expected targets for the upcoming period after the breach, please review our morning issued report.
Expected trading range for today is between 1.0420 support and 1.0685 resistance.
Expected trend for today: Depends on the above mentioned levels
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