Forex

The EURUSD hits the first target – Analysis - 16-08-2019

2019-08-16 04:58:55 GMT (Economies.com)

The EURUSD pair succeeded to achieve the first target at 1.1100 and settles there, starting today with slight bearish bias that hints the price head to achieve more decline in the upcoming sessions, paving the way to head towards our next target at 1.1000.

 

Therefore, we will continue to suggest the bearish trend on the intraday and short term basis, taking into consideration that the continuation of the expected decline conditions holding below 1.1180.

 

The expected trading range for today is between 1.1000 support and 1.1180 resistance.

 

The expected trend for today: Bearish

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