EUR USD loses the positive momentum – Analysis -28/05/2015
Economies.com
2015-05-28 05:02AM UTC
The EURUSD pair approached from touching our first main target at 1.0800 yesterday, and it bounced bullishly to settle around 1.0900 now, as the price is affected by stochastic positivity that loses this positivity clearly now, reaching the overbought areas, which supports the chances of bouncing bearishly to resume the bearish trend.
Therefore, we will continue to suggest the bearish bias in the upcoming period, supported by the EMA50, reminding you with our extended targets that reach 1.0640, while the bearish trend will remain valid unless breaching 1.1050 level and holding above it.
Expected trading range for today is between 1.0750 support and 1.1000 resistance.
Expected trend for today: Bearish
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