Forex

The EURUSD continues to decline – Analysis - 19-08-2019

2019-08-19 05:14:36 GMT (Economies.com)

The EURUSD pair settles below 1.1100 level, falling under continuous negative pressure coming by the EMA50, to keep the bearish trend suggested in the upcoming sessions, waiting to test 1.1000 level that represents our next main target.

 

Holding below 1.1180 is important to continue the suggested decline, as breaching it will push the price to start recovery attempts that target 1.1350 areas initially.

 

The expected trading range for today is between 1.1000 support and 1.1160 resistance.

 

The expected trend for today: Bearish

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