Midday update for EURUSD 13-12-2017
Economies.com
2017-12-13 10:31AM UTC
The EURUSD pair shows weak trades since morning and keeps its stability below 1.1808 level, to keep the negative effect of the double top pattern active, supported by the negative pressure provided by the EMA50, waiting to resume the bearish bias that targets testing 1.1679 level mainly.
Therefore, the bearish trend scenario will remain valid for the rest of the day conditioned by holding below 1.1808, reminding you that breaking the targeted level will extend the pair's losses to go towards 1.1423 on the short term basis.
Expected trading range for today is between 1.1680 support and 1.1840 resistance.
Expected trend for today: Bearish
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