The EURUSD keeps its negative stability – Analysis - 13-05-2019
Economies.com
2019-05-13 00:53AM UTC
The EURUSD pair continues to test 1.1250 resistance level and keeps its stability below it until now, as the EMA50 supports the strength of this resistance, while stochastic reaches the overbought areas.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which targets 1.1180 followed by 1.1100 levels initially, while breaching 1.1250 represents the key to rally to start recovery attempts that mainly target 1.1443.
The expected trading range for today is between 1.1140 support and 1.1280 resistance.
The expected trend for today: Bearish
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