Midday update for EURUSD 30-11-2016
Economies.com
2016-11-30 11:04AM UTC
The EURUSD pair hovers around the EMA50 since morning settling around 1.0645, to keep trading stuck between the trend confirmation levels represented by 1.0519 support and 1.0685 resistance, which keeps our neutrality valid until now, waiting to surpass one of these levels to detect the next targets clearly.
We remind you that breaching the mentioned resistance will push the price to target areas that start at 1.0778 and extend to 1.0938 on the short term basis, while breaking the support will push the price to head towards 1.0326 direct.
Expected trading range for today is between 1.0500 support and 1.0778 resistance.
Expected trend for today: Depends on the above mentioned levels
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