Midday update for EURUSD 18-08-2017
Economies.com
2017-08-18 11:06AM UTC
The EURUSD pair shows some slight bullish bias on its way to test the minor bearish channel's resistance at 1.1800, and the price still stuck between the trend confirmation levels represented by the mentioned resistance and 1.1724 support, to keep our neutrality valid until now, waiting to breach one of these levels to detect the next targets clearly.
The contradiction between stochastic positivity and the EMA50 negativity still valid, and to review the details of the expected targets after the breach, please check our morning report.
Expected trading range for today is between 1.1608 support and 1.1850 resistance.
Expected trend for today: Depends on the above mentioned levels
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