Midday update for EURUSD 21-04-2017
Economies.com
2017-04-21 11:15AM UTC
The EURUSD pair shows bearish bias now to test the EMA50, while stochastic shows clear oversold signals now, to support the chances of resuming the main bullish trend, which depends on holding above 1.0675 level.
Therefore, our bullish overview will remain active for today, reminding you that breaching 1.0731 is required to open the way to head towards our next target at 1.0852.
Expected trading range for today is between 1.0645 support and 1.0852 resistance.
Expected trend for today: Bullish
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