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EURUSD approaches from the resistance – Analysis - 19-10-2017
The EURUSD pair fluctuates around the EMA50 now, noticing that stochastic loses its positive momentum accompanied by the price approach from the key resistance that declines now to 1.1840, which keeps the chances valid to resume the recently suggested bearish bias.
Therefore, we will continue to suggest the bearish trend for today unless the price managed to breach 1.1840 level and hold above it, as this breach will lead the price to regain its main bullish track that its first target located at 1.2100, while the expected target of today is located at 1.1679.
Expected trading range for today is between 1.1679 support and 1.1850 resistance.
Expected trend for today: Bearish
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MoreEnd of day analysis for EURUSD 18-10-2017
The EURUSD pair ends today's trading with calm positivity to test the EMA50, noticing that stochastic loses its positive momentum to reach the overbought areas, and as long as the price is below 1.1850, the bearish trend scenario will remain active for the upcoming period, reminding you that the main waited target is located at 1.1679.
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