EURUSD needs a negative motive – Analysis - 05-10-2018
Economies.com
2018-10-05 04:25AM UTC
The EURUSD pair settles around 1.1500 level, and the EMA50 continues to form negative pressure against the price, to keep the bearish trend scenario active for the upcoming period, depending on the price stability below 1.1525, waiting to test 1.1443 initially.
We remind you that breaking the targeted level will push the price towards 1.1300 as a next station, while breaching 1.1525 will lead the price to rise and visit 1.1705 level before any new negative attempt.
Expected trading range for today is between 1.1400 support and 1.1580 resistance.
Expected trend for today: Bearish
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