EURUSD touches the target – Analysis - 17-5-2018
Economies.com
2018-05-17 01:56AM UTC
The EURUSD pair settles near 1.1785 level, noticing that stochastic loses its positive momentum gradually, while the EMA50 forms continuous negative pressure.
Therefore, these factors support the chances for breaking the above mentioned level then opens the way towards 1.1700 as a next station, taking into consideration that breaching 1.1929 will stop the expected decline and leads the price to begin recovery attempts and regain the main bullish trend.
Expected trading range for today is between 1.1720 support and 1.1900 resistance.
Expected trend for today: Bearish
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