Midday update for EURUSD 06-12-2016
Economies.com
2016-12-06 11:01AM UTC
The EURUSD pair shows sideways trading since morning settling around 1.0778 level, getting signals of heading to breach the mentioned level, noting that we need four hours' close above this level initially to confirm the continuation of rising for the rest of the day, waiting to head towards 1.0938 on the near term basis.
Therefore, we will keep our bullish trend expectations for the upcoming period unless breaking 1.0685 level and holding below it.
Expected trading range for today is between 1.0685 support and 1.0900 resistance.
Expected trend for today: Bullish
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