Midday update for EURUSD 08-12-2017

The EURUSD pair shows more negative trades to approach our waited target at 1.1679 gradually, which reinforces the expectations of continuing the decline for the rest of the day, being aware that it is important to monitor the price when reaching the targeted level, as breaking it will cause extension at the pair's losses to reach 1.1423 on the short term basis.

Overall, the bearish trend will remain suggested in the upcoming period conditioned by holding below 1.1808 and 1.1855 levels, noting that it is important to be careful during the upcoming sessions, as markets await the US unemployment and non-farm payrolls' data, which might cuase high volatility at the major currencies' pairs.

Expected trading range for today is between 1.1650 support and 1.1870 resistance.

Expected trend for today: Bearish