EURUSD retests – Analysis - 27-05-2016
Economies.com
2016-05-27 04:11AM UTC
The EURUSD pair made a successful retest protest to 1.1196 level and kept its stability below it, accompanied by witnessing clear negative signals though stochastic, while the EMA50 continues to push negatively on the intraday and short term trading.
Therefore, the bearish trend scenario will remain valid and active for the upcoming sessions conditioned by the price stability below 1.1196 level, reminding you with our main targets that begin at 1.1066 and extend to 1.1250.
Expected trading range for today is between 1.1066 support and 1.1250 resistance.
Expected trend for today: Bearish
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