he EURUSD loses momentum – Analysis - 28-05-2019
Economies.com
2019-05-28 01:30AM UTC
The EURUSD pair shows some slight bearish bias now after facing the EMA50 in the previous sessions, accompanied by stochastic losing the positive momentum clearly and reaching the overbought areas, waiting to motivate the price to achieve more decline on the intraday and short term basis, which targets 1.1100 followed by 1.1000 levels as next main stations.
We remind you that the continuation of the suggested bearish wave conditions the stability of the daily close below 1.1255.
The expected trading range for today is between 1.1100 support and 1.1255 resistance.
The expected trend for today: Bearish
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