Midday update for EURUSD 30-05-2017
Economies.com
2017-05-30 10:00AM UTC
The EURUSD pair attempted to break 1.1123 level without managing to hold below it, to remain price stuck between the next trend keys represented by the mentioned support and 1.1170 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.
The contradiction between stochastic positivity and the EMA50 negativity provides another reason for neutrality, and to know more about the expected targets after breaching the mentioned levels, please review our morning report.
Expected trading range for today is between 1.1000 support and 1.1270 resistance.
Expected trend for today: Depends on the above mentioned levels
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