The EURUSD reaches the first target – Analysis - 24-05-2019
Economies.com
2019-05-24 00:42AM UTC
The EURUSD pair reached few points away from our mentioned initial target in our last reports at 1.110, and it bounced higher from there to test the critical resistance at 1.1180 now, affected by stochastic positivity, noticing that the EMA50 keeps pressing negatively on the price, keeping the chances available for resuming the expected bearish trend in the upcoming period, and its targets extend to reach 1.1000.
Therefore, we keep preferring the bearish trend unless breaching 1.1180 then 1.1255 levels and holding above them.
The expected trading range for today is between 1.1100 support and 1.1255 resistance.
The expected trend for today: Bearish
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