EURUSD under more negative pressure – Analysis - 28-05-2018

The EURUSD pair ended last week below 1.1700 barrier, to add more confirmation to the continuation of the bearish trend in the upcoming period, which its next target located at 1.1605, noting that breaking this level will push the price towards 1.1553 as a next main station.

Therefore, the bearish trend will remain suggested on the intraday and short term basis conditioned by the price stability below 1.1785 level, noting that we might witness weak trades today, affected by the financial markets’ holidays.

Expected trading range for today is between 1.1600 support and 1.1750 resistance.

Expected trend for today: Bearish