EURUSD under the negative pressure – Analysis - 16-05-2018
Economies.com
2018-05-16 03:11AM UTC
The EURUSD pair keeps providing the negative trading after confirming breaking 1.1929 level, to approach the negative target at 1.1785, noting that the continuation of the negative pressure will push the price to suffer more losses that reach 1.1700 as a next station.
The EMA50 forms negative pressure against the price, making the bearish trend suggested in the upcoming sessions unless the price managed to breach 1.1929 level and hold above it again.
Expected trading range for today is between 1.1720 support and 1.1900 resistance.
Expected trend for today: Bearish
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