EURUSD approaches the support – Analysis - 21-01-2019
Economies.com
2019-01-21 04:55AM UTC
The EURUSD pair shows weak trades now and settles at the minor bullish channel’s support line that rises now to 1.1345, noting that breaking this level will complete forming a bearish flag pattern that will push the price towards 1.1181 direct.
In general, we will continue to suggest the bearish trend unless breaching 1.1443 level and holding above it, noting that the markets might witness weak trades today affected by the US markets’ holidays.
Expected trading range for today is between 1.1300 support and 1.1443 resistance.
Expected trend for today: Bearish
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