EURUSD completes the negative pattern – Analysis - 16-06-2017
Economies.com
2017-06-16 01:37AM UTC
The EURUSD pair ended yesterday’s trading below the rising wedge’s support that appears in the image, to confirm completing this pattern and begin the negative effect that we expect to push the price to begin a bearish correction on the intraday basis, reminding you that our first target at 1.1060.
Therefore, we prefer witnessing more of the downside moves in the upcoming sessions supported by the negative pressure that forms by the EMA50, pointing that breaching 1.1185 will stop the expected decline and pushes the price to regain its main bullish track again.
Expected trading range for today is between 1.1060 support and 1.1200 resistance.
Expected trend for today: Bearish
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