Midday update for EURUSD 22-07-2016
Economies.com
2016-07-22 11:11AM UTC
The EURUSD pair did not show any strong move since morning, to continue fluctuating around 1.1025 level keeping its stability below 1.1067, and the EMA50 continues to push negatively on the intraday trading.
Therefore, our bearish overview will remain valid and active for today, which targets testing 1.0938 mainly, noting that this level represents important key to detect the next destination on the short term basis, as the details of the expected targets of the upcoming period explained in our morning report.
Expected trading range for today is between 1.0900 support and 1.1100 resistance.
Expected trend for today: Bearish
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