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EURUSD keeps its negative stability – Analysis - 19-07-2018
The EURUSD pair settles below 1.1705 level, thus, our bearish overview will remain valid for the upcoming period, supported by the negative pressure formed by the EMA50, waiting to target 1.1554 followed by 1.1443 levels as next main stations.
We should note that the continuation of the expected decline depends on holding below 1.1705 and 1.1765 levels.
Expected trading range for today is between 1.1530 support and 1.1720 resistance.
Expected trend for today: Bearish
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The EURUSD pair shows some slight bullish bias after testing 1.1600 barrier today, and the price still below 1.1705 level that represents the first protecting factor to the expected bearish trend scenario for the upcoming period besides the most important resistance at 1.1760, which keeps the bearish bias suggested overall, waiting to head towards 1.1554 followed 1.1443 levels that represent our next main targets.
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