Midday update for EURUSD 20-12-2016
Economies.com
2016-12-20 11:46AM UTC
The EURUSD pair keeps pushing negatively clearly to break 1.0400 barrier and settles below it, which supports the continuation of the bearish trend scenario efficiently in the upcoming period, opening the way to head towards our first main target at 1.0326, which breaking it represents the key to extend the bearish wave towards 1.0255.
Therefore, we will keep our bearish overview for the rest of the day supported by the EMA50, unless breaching 1.0519 level and holding above it.
Expected trading range for today is between 1.0300 support and 1.0500 resistance.
Expected trend for today: Bearish
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