The EURUSD tests the resistance – Analysis - 18-09-2019
Economies.com
2019-09-18 04:54AM UTC
The EURUSD pair continues to fluctuate at the bearish channel’s resistance and still below it, as the EMA50 meets this resistance to add more strength to it, while stochastic continues to provide overbought signals.
Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming sessions, which its next main target located at 1.0857, while breaching 1.1080 represents the key to rally to test 1.1180 before any new attempt to decline.
The expected trading range for today is between 1.0950 support and 1.1140 resistance.
The expected trend for today: Bearish
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