EURUSD approaches the target – Analysis - 15-08-2018
Economies.com
2018-08-15 04:16AM UTC
The EURUSD pair rallied downwards strongly yesterday to reach the thresholds of the main waited target at 1.1300, and the negative effect of the previously completed head and shoulders’ pattern still active, while the EMA50 keeps pressing negatively on the price.
Therefore, the chances will remain valid to continue the bearish trend in the upcoming sessions, and the way is open to target 1.1181 level as a next station, taking into consideration that holding below 1.1443 represents the first condition to continue the suggested decline.
Expected trading range for today is between 1.1200 support and 1.1400 resistance.
Expected trend for today: Bearish
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