The EURUSD breaks the support – Analysis - 03-05-2019
Economies.com
2019-05-03 04:13AM UTC
The EURUSD pair managed to break 1.1180 level and closed the daily candlestick below it, to reinforce the expectations of continuing the bearish trend on the intraday and short term basis, and the way is open to head towards our next target at 1.1100, noting that breaking this level will push the price towards 1.1000 as a next station.
The EMA50 keeps supporting the suggested bearish wave, which its continuation conditions holding below 1.1250.
The expected trading range for today is between 1.1080 support and 1.1240 resistance.
The expected trend for today: Bearish
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