Midday update for EURUSD 09-12-2016
Economies.com
2016-12-09 11:03AM UTC
The EURUSD pair shows weak trading since morning settling inside the sideways range that its lines represented by 1.0519 support and 1.0685 resistance, while stochastic positivity contradicts the EMA50 negativity, which might cause more sideways fluctuation between the mentioned levels until the price manages to breach one of them.
For more details about the expected targets after breaching these levels, please review our morning issued report.
Expected trading range for today is between 1.0500 support and 1.0720 resistance.
Expected trend for today: Sideways
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