Midday update for EURUSD 06/05/2016
Economies.com
2016-05-06 11:24AM UTC
The EURUSD pair retests 1.1420 level now keeping its stability below this level, to keep the bearish trend scenario valid and active for the rest of the day, and its next target located at 1.1264, reminding you that holding below 1.1494 represents an important condition for the continuation of the expected decline.
We should be aware during the American sessions, since the unemployment and payrolls data might cause mixed and strong trading in the markets generally.
Expected trading range for today is between 1.1264 support and 1.1494 resistance.
Expected trend for today: Bearish
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