The EURUSD gets a negative close – Analysis - 14-08-2019
Economies.com
2019-08-14 05:10AM UTC
The EURUSD pair ended yesterday’s trading below 1.1180 level, which puts the price under expected negative pressure for the upcoming period, on its way to achieve negative targets that begin at 1.1100 and extend to 1.1000.
Therefore, the bearish bias will be suggested for today, supported by stochastic and the EMA50 negativity, noting that breaching 1.1180 followed by 1.1210 levels will stop the expected decline and push the price to start new recovery attempts.
The expected trading range for today is between 1.1080 support and 1.1240 resistance.
The expected trend for today: Bearish
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