EUR USD loses momentum – Analysis -07/09/2015
Economies.com
2015-09-07 04:36AM UTC
The EURUSD pair fluctuates below 1.1180 level, stochastic keeps approaching from the overbought levels, which provides negative factor that we wait to push the price to resume the expected bearish trend on the intraday basis, where its first target represented by breaking 1.1060 level to oprn the way towards visiting 1.0860 levels.
The EMA50 continues to support the suggested bearish wave, which will remain valid and active unless breaching 1.1180 then 1.1280 level and holding above them.
Expected trading range for today is between 1.1000 support and 1.1220 resistance.
Expected trend for today: Bearish
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