Midday update for EURUSD 16-08-2018
Economies.com
2018-08-16 09:29AM UTC
The EURUSD pair tested 1.1400 barrier and rebounds bearishly from there, to keep the bearish trend scenario active for today, as the negative effect of the head and shoulders’ pattern still valid, waiting to break 1.1300 level to confirm extending the bearish wave towards 1.1181, reminding you that holding below 1.1443 is important to continue the expected decline.
Expected trading range for today is between 1.1260 support and 1.1443 resistance.
Expected trend for today: Bearish
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