Forex

EURUSD loses momentum – Analysis - 15-02-2019

2019-02-15 05:04:58 GMT (Economies.com)

The EURUSD pair continues to fluctuate around 1.1300 and still below it, noticing that stochastic begins to provide negative overlapping signal now, while the EMA50 keeps pressing negatively on the price.

 

Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming sessions, which its next target located at 1.1180, while its continuation conditions holding below 1.1365.

 

The expected trading range for today is between 1.1180 support and 1.1365 resistance.

 

The expected trend for today: Bearish

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