EURUSD tests the support – Analysis - 10-09-2018
Economies.com
2018-09-10 04:23AM UTC
The EURUSD pair continues to fluctuate at the key support 1.1554, pressing negatively on this level in attempt to break it, which urges caution from the upcoming trading, as we witness signs of negative pattern that has the ability to turn the intraday to decline, to start the negative targets at 1.1443.
Therefore, the bearish bias will be suggested in the upcoming sessions, supported by moving below the EMA50, noting that breaching 1.1615 will stop the current negative pressure and push the price to rise again.
Expected trading range for today is between 1.1440 support and 1.1600 resistance.
Expected trend for today: Bearish
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