EURUSD attempts to recover – Analysis - 16-08-2018

Economies.com
2018-08-16 04:34AM UTC

The EURUSD pair continues to provide the positive trading to gradually head towards the key resistance 1.1443, and it might retest this level before resuming the bearish trend, as the EMA50 keeps pressing negatively on the price.

 

Therefore, we will keep our bearish overview conditioned by the price stability below 1.1443, noting that we are waiting to visit 1.1181 as a next main station.

 

Expected trading range for today is between 1.1260 support and 1.1443 resistance.

 

Expected trend for today: Bearish

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