EURUSD awaits confirming the break – Analysis - 21-06-2018
Economies.com
2018-06-21 03:53AM UTC
The EURUSD pair continues the attempts to break 1.1553 level, and we need to get a daily close below the mentioned level to activate the negative effect of the head and shoulders’ pattern that its signs appear on the chart, which will push the price towards negative targets that start at 1.1443 and extend to 1.1181.
In general, we will continue to suggest the bearish trend in the upcoming period conditioned by the price stability below 1.1705, noting that the EMA50 keeps supporting the suggested bearish wave.
Expected trading range for today is between 1.1450 support and 1.1660 resistance.
Expected trend for today: Bearish
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