EURUSD under the negative pressure – Analysis - 18-10-2018
Economies.com
2018-10-18 04:35AM UTC
The EURUSD pair broke 1.1525 level and closed the daily candlestick below it, which turns the intraday track to decline, targeting testing 1.1443 level initially, supported by stochastic current negativity.
It is important to monitor the price behavior when reaching the mentioned target, as breaking it will open the way to extend the bearish wave to reach 1.1300 as a next target, while holding against the negative pressure will lead the price to rebound bullishly and regain the bullish trend on the intraday and short term basis.
Expected trading range for today is between 1.1400 support and 1.1580 resistance.
Expected trend for today: Bearish
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