Midday update for EURUSD 08-11-2018
Economies.com
2018-11-08 10:53AM UTC
The EURUSD pair begins to press negatively on the key support 1.1405 in attempt to break it, and as we mentioned in our morning report, breaking this level will activate the bearish flag pattern that reinforces the expectations of achieving more decline in the upcoming sessions.
Therefore, we will continue to suggest the bearish trend for today conditioned by the price stability below 1.1443, reminding you that our first target is located at 1.1300.
Expected trading range for today is between 1.1320 support and 1.1500 resistance.
Expected trend for today: Bearish
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