Midday update for EURUSD 26-08-2016
Economies.com
2016-08-26 10:51AM UTC
The EURUSD pair still stuck between the trend confirmation levels represented by 1.1270 support and 1.1356 resistance, and as we mentioned this morning, the price needs to breach one of these levels to detect its next destination clearly, which makes us continue with our neutrality until now, especially that there is a contradiction between the EMA50 positivity and stochastic negativity.
For more details about the expected targets from breaching the above mentioned levels, please review our morning issued report.
Expected trading range for today is between 1.1150 support and 1.1400 resistance.
Expected trend for today: Depends on the above mentioned levels
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