Midday update for EURUSD 10-08-2018
2018-08-10 10:53:30 GMT (Economies.com)
Midday update for EURUSD 10-08-2018
 

The EURUSD pair traded with strong negativity to touch our waited target at 1.1443 and settles near it, noticing that the price completed forming bearish pattern that has medium term negative targets, which hints the head to suffer more losses in the upcoming period, as breaking the mentioned level represents the key to head towards 1.1300 as a next main station.

 

Therefore, the bearish trend scenario will remain valid efficiently for the rest of the day unless breaching 1.1554 level and holding above it.

 

Expected trading range for today is between 1.1400 support and 1.1600 resistance.

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1369
-0.0010
0.0918%
1.2712
-0.0033
0.2562%
14.633
-0.677
4.422%
65.320
-2.470
3.644%
71.75
0.65
0.91%
1172.340
-38.960
3.216%
 
 
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