The EURUSD resumes the decline – Analysis - 14-05-2019
Economies.com
2019-05-14 00:40AM UTC
The EURUSD pair begins to rebound bearishly after testing 1.1250 level yesterday, as the EMA50 formed solid resistance against the price’s positive attempts, while stochastic begins to provide negative overlapping signal now.
Therefore, these factors encourage us to suggest the bearish trend, noting that breaking 1.1180 will ease the mission of heading towards 1.1100 followed by 1.1000 levels that represent our next main targets, which achieving them conditions holding below 1.1250.
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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