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Midday update for EURUSD 20-12-2018

Economies.com
2018-12-20 10:52 UTC

The EURUSD pair trades with strong positivity now to breach 1.1443 level and attempts to settle above it, which urges caution from the upcoming trading, as settling with a daily close above this level will stop the recently suggested negative scenario and push the price to achieve positive targets that start at 1.1550.

 

Therefore, we prefer staying aside temporarily until the price confirms its situation according to 1.1443 level.

 

Expected trading range for today is between 1.1300 support and 1.1550 resistance.

 

Expected trend for today: Neutral

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