Midday Update of the Euro against the Dollar 07-02-2018

 The EUR / USD pair resumed its negative trading after testing the 1.2390 level this morning. The bearish trend remains valid for the rest of the day, waiting for the 1.2300 to be tested mainly, noting that breaking this level would extend the downside wave to 1.2226 as the next stop, while breaching 1.2390 Hold down the current bearish correction and return to the main ascending direction again.

The trading range for today is expected among the support at 1.2280 and the resistance at 1.2440

The general trend for today is bearish