EURUSD declines calmly – Analysis - 08-12-2017
Economies.com
2017-12-08 04:57AM UTC
The EURUSD pair continues to decline gradually affected by the previously completed double top pattern, which reinforces the chances of heading towards our main waited target at 1.1679, to keep the bearish bias suggested in the upcoming sessions, supported by the negative pressure provided by the EMA50.
We should note that breaching 1.1808 followed by 1.1855 levels will stop the expected decline and lead the price to regain its main bullish track again, which its next target located at 1.2100.
Expected trading range for today is between 1.1650 support and 1.1870 resistance.
Expected trend for today: Bearish
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