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Midday update for the EURUSD 18-12-2019
The EURUSD pair tested the intraday bullish channel’s support line and keeps its stability above it until now, accompanied by stochastic reach to the oversold areas, while the EMA50 meets the mentioned support to protect trading inside the bullish channel.
Therefore, the positive scenario will remain valid for today conditioned by the price stability above 1.1108, reminding you that our targets begin at 1.1180 and extend to 1.1280 after surpassing the previous level.
The expected trading range for today is between 1.1080 support and 1.1230 resistance.
The expected trend for today: Bullish
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