EURUSD keeps declining – Analysis - 26-10-2018
Economies.com
2018-10-26 04:28AM UTC
The EURUSD pair traded with clear negativity yesterday to gradually approach our waited target at 1.1300, falling under continuous negative pressure coming by the EMA50, noting that we believe that the way is open to keep declining towards 61.8% Fibonacci correction level at 1.1181 after confirming breaking the previously correction level.
Therefore, the bearish trend will remain dominant in the upcoming sessions unless we witnessed clear breach and stability above 1.1443.
Expected trading range for today is between 1.1260 support and 1.1443 resistance.
Expected trend for today: Bearish
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