Midday update for EURUSD 18-06-2018
Economies.com
2018-06-18 10:34AM UTC
The EURUSD pair continues to fluctuate since morning and still near the key support 1.1553, waiting to break this level to activate the negative effect of the head and shoulders’ pattern mentioned in our morning report, which will open the way to extend the bearish wave to start its targets at 1.1443 and extend to 1.1181 on the near short term basis.
Therefore, we will continue to suggest the bearish trend for the rest of the day unless breaching 1.1705 level and holding with a daily close above it.
Expected trading range for today is between 1.1470 support and 1.1660 resistance.
Expected trend for today: Bearish
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