EURUSD keeps declining – Analysis - 12-02-2019

Economies.com
2019-02-12 05:14AM UTC

The EURUSD pair provided clear negative trades yesterday to settle below 1.1300 barrier, which supports our expectations to achieve more decline on the intraday and short term basis, waiting to visit 1.1181 level that represents our next target.

 

The EMA50 continues to support the suggested bearish wave, which its continuation conditions holding below 1.1443.

 

The expected trading range for today is between 1.1180 support and 1.1350 resistance.

 

The expected trend for today: Bearish

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