Midday update for EURUSD 15-06-2017

The EURUSD pair pushes negatively on the key support 1.1180 and attempts to hold below it, and as we mentioned this morning, breaking this level will complete forming negative formation that has the ability to turn the intraday track to decline, which urges caution from the upcoming trading.

Therefore, we prefer staying aside temporarily waiting to confirm breaking the mentioned support or turning back to trade above it, as settling below this level will push the price to start bearish correction that targets 1.1060 level initially, while stepping above it represents the key to regain the main bullish trend that its targets begin by breaching 1.1280 to confirm the continuation of the bullish wave that its next target located at 1.1365.

Expected trading range for today is between 1.1125 support and 1.1320 resistance.

Expected trend for today: Bullish