EURUSD approaches the target – Analysis - 13-11-2018
Economies.com
2018-11-13 05:08AM UTC
The EURUSD pair settles around 1.1245 level after the strong decline that it witnessed yesterday, and we still waiting for more bearish bias to visit our main expected target at 1.1181, which represents 61.8% Fibonacci correction level for the entire rise measured from 1.0333 to 1.2553, supported by the negative pressure formed by the EMA50.
We remind you that it is important to monitor the price when reaching the mentioned target, as breaking it will push the price to head towards 1.1050 as a next negative station, while holding below 1.1300 represents key condition to continue the expected decline for today.
Expected trading range for today is between 1.1150 support and 1.1300 resistance.
Expected trend for today: Bearish
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