The EURUSD tests the moving average – Analysis - 08-10-2019
Economies.com
2019-10-08 04:46AM UTC
The EURUSD pair continues to fluctuate at the EMA50, which forms good support barrier at 1.0965, as the price needs to surpass this level to reinforce the expectations of continuing the main bearish trend.
In general, we will continue to suggest the bearish trend that moves organized inside the bearish channel unless breaching 1.1025 and holding above it, reminding you that our next main target is located at 1.0857, while breaching 1.1025 represents positive factor that will push the price to start recovery attempts that target 1.1180 areas initially.
The expected trading range for today is between 1.0870 support and 1.1050 resistance.
The expected trend for today: Overall Bearish
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