EURUSD attempts positively – Analysis - 07-12-2018
Economies.com
2018-12-07 04:42AM UTC
The EURUSD pair settles below 1.1400 barrier after the positive attempts that it witnessed yesterday, falling under the negative pressure formed by the EMA50, to support the continuation of our bearish overview on the intraday and short term basis, waiting to visit 1.1300 followed by 1.1181 levels mainly.
Therefore, the negative scenario will remain valid conditioned by the price stability below 1.1443, noting that it is important to be aware during today’s trading, especially at the time of releasing the US economic data that might cause high volatility at the markets.
Expected trading range for today is between 1.1260 support and 1.1443 resistance.
Expected trend for today: Bearish
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