EURUSD breaks the support – Analysis - 22-02-2018
Economies.com
2018-02-22 05:03AM UTC
The EURUSD pair ended yesterday’s trading with strong negativity to break 1.2300 level and close the daily candlestick below it, which pushes the price to suffer more losses in the upcoming period, paving the way to extend the correctional bearish wave to target 1.2160 level as a next station.
Therefore, the bearish trend will be suggested in the upcoming sessions, supported by the negative pressure formed by the EMA50, noting that breaching 1.2310 will stop the expected decline and lead the price to regain its main bullish track again.
Expected trading range for today is between 1.2160 support and 1.2330 resistance.
Expected trend for today: Bearish
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