EURUSD activates the negative pattern – Analysis - 09-11-2018

Economies.com
2018-11-09 04:49AM UTC

The EURUSD pair keeps providing the negative trades clearly after confirming the completion of the bearish flag pattern mentioned yesterday, reinforcing the chances of continuing the bearish trend on the intraday and short term basis, which its first target located at 1.1300, reminding you that breaking this level will extend the bearish wave to reach 1.1181.

 

Therefore, we will keep our bearish overview unless breaching 1.1443 and holding above it.

 

Expected trading range for today is between 1.1250 support and 1.1400 resistance.

 

Expected trend for today: Bearish

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