EURUSD loses momentum – Analysis - 03-12-2018
Economies.com
2018-12-03 05:22AM UTC
The EURUSD pair fluctuates around 1.1350 level, and we notice that stochastic loses its positive momentum gradually, heading towards the overbought areas, waiting to motivate the price to resume the expected bearish trend on the intraday and short term basis, which its targets begin by surpassing 1.1300 to open the way to head towards 1.1181.
We remind you that holding below 1.1443 is important to continue the expected decline, as breaching it will lead the price to target 1.1550 followed by 1.1705 levels initially.
Expected trading range for today is between 1.1250 support and 1.1400 resistance.
Expected trend for today: Bearish
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