Midday update for the EURUSD 17-08-2020
Economies.com
2020-08-17 09:38AM UTC
The EURUSD pair turns down now affected by stochastic negativity, to head towards potential test to the first key support 1.1800, and the price needs to consolidate above this level to keep the positive scenario active for today, as breaking it will cause additional decline that targets 1.1737 level before any new attempt to rise.
Until now, the overall positive scenario still valid as long as 1.1800 and the most important 1.1737 levels remain intact, reminding you that our main targets begin at 1.1908 and extend to 1.2035.
The expected trading range for today is between 1.1780 support and 1.1950 resistance.
The expected trend for today: Bullish
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