EURUSD begins negatively – Analysis - 19-02-2019

Economies.com
2019-02-19 05:02AM UTC

The EURUSD pair opens today’s trading with bearish bias to move away from the bearish channel’s resistance that appears on the chart, which supports the continuation of the expected bearish trend scenario for the upcoming period, which targets 1.1180 as a next main station.

 

The EMA50 supports the suggested bearish wave, noting that holding below 1.1320 represents the first condition to continue the suggested negative scenario.

 

The expected trading range for today is between 1.1200 support and 1.1360 resistance.

 

The expected trend for today: Bearish

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