EURUSD attempts to recover – Analysis - 13-02-2019
Economies.com
2019-02-13 05:19AM UTC
The EURUSD pair achieved some gains yesterday to approach testing the broken support of the bullish channel that appears on the chart, accompanied by witnessing overbought signals through stochastic, while the EMA50 forms negative pressure against the price.
Therefore, we expect the price bearish rebound to resume the bearish bias in the upcoming sessions, which targets 1.1181 level mainly, noting that breaching 1.1360 will push the price to test the most important resistance to the short term trading at 1.1443 before any new attempt to decline.
The expected trading range for today is between 1.1250 support and 1.1400 resistance.
The expected trend for today: Bearish
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