Midday update for EURUSD 08-10-2018

Economies.com
2018-10-08 09:37AM UTC

The EURUSD pair crawls downwards calmly to move below 1.1500, on its way towards our first waited target at 1.1443, to keep the bearish trend scenario active for today, noting that breaking this level will extend the bearish wave to reach 1.1300, while holding below 1.1525 represents key condition to continue the expected decline.

 

Expected trading range for today is between 1.1420 support and 1.1570 resistance.

 

Expected trend for today: Bearish

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