Midday update for EURUSD 27-10-2017
Economies.com
2017-10-27 11:03AM UTC
The EURUSD pair keeps its stability below 1.1679, to keep the negative pressure valid until now, affected by the previously completed head and shoulders' pattern that its signs appear on chart, waiting for more decline for the rest of the day, noting that our next main target is located at 1.1423.
Holding below 1.1679 is important to continue the expected decline, as breaching it will push the price to achieve gains that start at 1.1815 and extend to 1.2100 after succeeding to breach the previous level.
Expected trading range for today is between 1.1550 support and 1.1700 resistance.
Expected trend for today: Bearish
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