EURUSD approaches the resistance – Analysis - 25-06-2018
Economies.com
2018-06-25 03:47AM UTC
The EURUSD pair begins to provide bearish rebound signals after the rise that it witnessed in the previous sessions, noticing that stochastic loses its positive momentum clearly, which supports the chances of continuing our bearish overview on the intraday and short term basis, which its targets begin by breaking 1.1554 to confirm opening the way to head towards 1.1443 that represents our first target.
Therefore, the bearish bias will remain suggested in the upcoming sessions unless breaching 1.1705 level and holding with a daily close above it.
Expected trading range for today is between 1.1540 support and 1.1705 resistance.
Expected trend for today: Bearish
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