EURUSD approaches the target – Analysis - 09-10-2018
Economies.com
2018-10-09 04:22AM UTC
The EURUSD pair settles below 1.1500 barrier after approaching 1.1443 level yesterday, noticing that stochastic begins to lose the positive momentum gradually, waiting to get strong negative momentum that supports the chances of resuming the recently suggested bearish trend, which targets breaking 1.1443 to confirm extending the bearish wave towards 1.1300 that represents our next main target.
Holding below 1.1525 is important to continue the decline today, as breaching it will push the price to test 1.1705 areas before any new negative attempt.
Expected trading range for today is between 1.1380 support and 1.1560 resistance.
Expected trend for today: Bearish
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