EURUSD confirms the break – Analysis - 21-05-2018
Economies.com
2018-05-21 01:42AM UTC
The EURUSD pair managed to confirm breaking 1.1785 level after closing last week below it, which supports the continuation of the bearish trend scenario efficiently on the intraday and short term basis, paving the way to head towards 1.1700 that represents our main target.
Therefore, we will continue to suggest the bearish trend in the upcoming period unless breaching 1.1929 level and holding above it, noting that the EMA50 keeps supporting the suggested bearish wave.
Expected trading range for today is between 1.1680 support and 1.1840 resistance.
Expected trend for today: Bearish
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