EURUSD retests – Analysis - 20-08-2018
Economies.com
2018-08-20 02:59AM UTC
The EURUSD pair retested 1.1443 level and keeps its stability below it, which keeps our bearish overview valid until now, supported by stochastic loss to the positive momentum and approaching the overbought areas, besides the negative pressure provided by the EMA50, waiting to head towards 1.1300 initially.
We remind you that breaking the mentioned level will extend the bearish wave to reach 1.1181 as a next target, while breaching 1.1443 will push the price to test 1.1554 before any new attempt to decline.
Expected trading range for today is between 1.1300 support and 1.1500 resistance.
Expected trend for today: Bearish
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