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EURUSD keeps declining – Analysis - 09-05-2018
The EURUSD pair shows more negative trading after confirming breaking 1.1929 level, to continue declining and head towards our main waited target at 1.1785, falling under continuous negative pressure by the EMA50.
Therefore, our bearish overview will remain valid for today conditioned by the price stability below 1.1929, being aware that it is important to monitor the price behavior when reaching the targeted level, as breaking it will cause extension to the pair’s losses on the longer term basis.
Expected trading range for today is between 1.1760 support and 1.1929 resistance.
Expected trend for today: Bearish
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MoreEnd of day analysis for EURUSD 08-05-2018
The EURUSD pair keeps declining to head gradually towards our waited target at 1.1785, to keep the bearish trend suggested for the upcoming sessions, noting that the EMA50 keeps supporting the expected decline, which its continuation conditions holding below 1.1929.
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