EURUSD keeps its negative stability – Analysis - 30-10-2017
Economies.com
2017-10-30 04:23AM UTC
The EURUSD pair keeps its stability below 1.1679 level, to keep the negative effect of the head and shoulders' pattern active, supported by the negative pressure formed by the EMA50, besides stochastic lose to the positive momentum gradually.
Therefore, we are waiting for more decline in the upcoming period, as our next main target is located at 1.1423, noting that breaching 1.1679 will stop the current negative pressure and lead the price to start recovery attempts and regain the main bullish trend again.
Expected trading range for today is between 1.1500 support and 1.1679 resistance.
Expected trend for today: Bearish
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