EURUSD approaches the first target – Analysis - 26-11-2018
Economies.com
2018-11-26 05:09AM UTC
The EURUSD pair settles near our first target 1.1300, falling under continuous negative pressure that comes by the EMA50, which supports our expectations to extend the bearish wave on the intraday and short term basis, reminding you that breaking the mentioned level will push the price towards 1.1181 direct.
Holding below 1.1443 is important to continue the expected decline, as breaching it will lead the price to start recovery attempts that target 1.1550 followed by 1.1705 levels initially.
Expected trading range for today is between 1.1240 support and 1.1400 resistance.
Expected trend for today: Bearish
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