EUR USD pushes on the support – Analysis - 06/10/2015
Economies.com
2015-10-06 04:52AM UTC
The1.1280 level managed to form strong resistance barrier against the EURUSD pair’s last attempts, to bounce lower and begins to push on the critical support at 1.1180, waiting for breaking this level to reinforce the expectations for the bearish trend continuation in the upcoming sessions, waiting for testing 1.1060 level as a next main station.
The EMA50 represents negative pressure that supports the expected decline, which will remain valid and active conditioned by holding below 1.1280 level.
Expected trading range for today is between 1.1060 support and 1.1280 resistance.
Expected trend for today: Bearish
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