EURUSD loses momentum – Analysis - 22-06-2017
Economies.com
2017-06-22 01:34AM UTC
The EURUSD pair settles below the EMA50 that pushes negatively on the intraday trading, noticing that stochastic enters the overbought areas now, to form negative motive that we expect to push the price to decline again, as the correctional bearish bias still active for the upcoming period, waiting to test 1.1060 level mainly.
Therefore, we will continue to suggest the bearish trend unless breaching 1.1220 level and holding above it, reminding you that breaking the targeted level will extend the correctional bearish wave to reach 1.0922 as a next main station.
Expected trading range for today is between 1.1060 support and 1.1220 resistance.
Expected trend for today: Bearish
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