The EURUSD approaches the target – Analysis - 02-04-2019
Economies.com
2019-04-02 04:18AM UTC
The EURUSD pair continues to decline calmly to reach the thresholds of the waited target at 1.1180, reminding you that this level represents 61.8% Fibonacci correction for the entire rise measured from 1.0333 to 1.2553, thus, breaking it will cause extension to the bearish wave on the short term and medium term basis.
In general, we will continue to suggest the bearish trend in the upcoming period as long as the price is below 1.1300, reminding you that surpassing the above mentioned target will lead the price to visit 1.1100 as a next main target.
The expected trading range for today is between 1.1120 support and 1.1280 resistance.
The expected trend for today: Bearish
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