EURUSD tests the moving average – Analysis - 19-12-2018
Economies.com
2018-12-19 04:46AM UTC
The EURUSD pair returns to test the EMA50 that keeps forming a good resistance against the price’s positive attempts, noticing that stochastic loses its positive momentum gradually, waiting for resuming the expected bearish trend on the intraday and short term basis, and its targets begin by breaking 1.1300 level to confirm the rally to 1.1181.
Reminding you that holding below 1.1443 is important for the continuation of the expected decline, where breaching it will lead the price to turn to the upside and achieve positive targets that begin at 1.1550 then 1.1705.
Expected trading range for today is between 1.1380 support and 1.1443 resistance.
Expected trend for today: Bearish
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