EURUSD tests the resistance – Analysis - 22-10-2018
Economies.com
2018-10-22 04:28AM UTC
The EURUSD pair settles near 1.1525 level, keeping its stability below this level until now, which keeps the bearish trend scenario valid until now, supported by the negative pressure provided by the EMA50, waiting to break 1.1443 level to confirm opening the way to head towards 1.1300 that represents our next main target.
We should note that breaching 1.1525 will stop the negative scenario and lead the price to start recovery attempts that target testing 1.1705 level as a first positive station.
Expected trading range for today is between 1.1400 support and 1.1600 resistance.
Expected trend for today: Bearish
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