EURUSD within tight track – Analysis - 25-10-2017

The tight range continued its domination on the EURUSD pair trading, and tested the EMA50 that formed good resistance against the price, while stochastic heads to the downside on the four hours’ time frame.

Therefore, our bearish trend expectations will remain valid as they are without any change, waiting for testing 1.1679 level mainly, reminding you that breaking this level will extend the pair’s losses to reach 1.1423 on the short term basis, while the expected decline will remain valid unless breaching 1.1850 level and holding above it.

Expected trading range for today is between 1.1650 support and 1.1835 resistance.

Expected trend for today: Bearish