The EURUSD approaches the first target – Analysis - 26-04-2019
Economies.com
2019-04-26 04:06AM UTC
The EURUSD pair keeps its stability below 1.1180 level, to keep the negative pressure valid for the upcoming period, supported by the EMA50, and the price crawls gradually towards our first target at 1.1100, noting that we suggest the continuation of the bearish bias to visit 1.1040 as a next station.
Therefore, the bearish trend will remain expected on the intraday and short term basis conditioned by the price stability below 1.1180 and 1.1245 levels.
The expected trading range for today is between 1.1040 support and 1.1200 resistance.
The expected trend for today: Bearish
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