Forex

End of day analysis for EURUSD 10-08-2018

2018-08-10 19:00:07 GMT (Economies.com)

The EURUSD pair keeps declining strongly to break 1.1443 level and begins pressing on 1.1400 barrier, which supports the expectations of extending the bearish wave on the short term and medium term basis, affected by the head and shoulders’ pattern that was completed by breaking 1.1554 level, noting that our next target reaches 1.1300 level, while holding below 1.1443 represents the initial condition to continue the expected decline.

 

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