Midday update for EURUSD 11-08-2017
Economies.com
2017-08-11 10:36AM UTC
The EURUSD pair shows slight bearish bias affected by stochastic negativity that appears on the four hours’ time frame, keeping the bearish trend valid for the rest of the day, reminding you that breaking 1.1724 level will reinforce the expectations for heading to 1.1608 directly, while holding below 1.1815 represents the most important condition for the continuation of the expected decline.
Expected trading range for today is between 1.1650 support and 1.1825 resistance.
Expected trend for today: Bearish
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