EURUSD confirms the break – Analysis - 13-08-2018
Economies.com
2018-08-13 04:14AM UTC
The EURUSD pair ended last week below 1.1443 level, to confirm extending the bearish wave on the short term and medium term basis, and the negative effect of the head and shoulders’ pattern that its signs appear on the chart continues, waiting for more decline in the upcoming sessions.
The EMA50 supports the negative overview, which targets 1.1300 areas as a next main station, noting that breaching 1.1443 might push the price to retest 1.1554 level before any new attempt to decline.
Expected trading range for today is between 1.1370 support and 1.1443 resistance.
Expected trend for today: Bearish
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