The EURUSD within tight track – Analysis - 08-05-2019

Economies.com
2019-05-08 01:37AM UTC

The EURUSD pair keeps fluctuating around 1.1200 level, showing some slight bearish bias now, waiting for more decline to head towards 1.1100 that represents our first main target, to keep the bearish trend suggested for the upcoming sessions conditioned by the price stability below 1.1250.

 

The EMA50 continues to support the suggested bearish wave, reminding you that surpassing the mentioned target will push the price towards 1.1000 as a next main station.

 

The expected trading range for today is between 1.1100 support and 1.1260 resistance.

 

The expected trend for today: Bearish

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