End of day analysis for EURUSD 15-06-2017

Economies.com
2017-06-15 19:59PM UTC

The EURUSD pair continued its negative pressure to break the key support 1.1180 and settles below it, to activate the negative effect of the rising wedge pattern followed by heading to decline in the upcoming sessions, expecting the bearish trend on the intraday basis, noting that the next target is located at 1.1060.

 

Therefore, the bearish bias will be expected for the upcoming period unless the price managed to breach 1.1180 and hold above it again.

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