EURUSD approaches the first target – Analysis - 05-12-2018
Economies.com
2018-12-05 05:16AM UTC
The EURUSD pair settles around 1.1330 level after the strong decline that it witnessed yesterday, as the EMA50 continues to press negatively on the price, while stochastic begins to overlap negatively.
Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming sessions, which targets 1.1300 followed by 1.1181 levels as next main stations, reminding you that the continuation of the expected decline depends on the price stability below 1.1443.
Expected trading range for today is between 1.1240 support and 1.1400 resistance.
Expected trend for today: Bearish
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