EURUSD below the moving average – Analysis - 01-10-2018
Economies.com
2018-10-01 04:02AM UTC
The EURUSD pair settles around 1.1600 level after the strong decline that it witnessed on last Friday, moving below the EMA50 now, which forms negative pressure that we expect to push the price to continue the expected bearish trend on the intraday and short term basis, reminding you that we are waiting to visit 1.1443 level as a next main station.
Therefore, we will continue to suggest the bearish trend for today unless breaching 1.1705 level and holding above it.
Expected trading range for today is between 1.1500 support and 1.1680 resistance.
Expected trend for today: Bearish
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