Netherlands: ING Group holds below the resistance – Analysis – 13-11-2018

The ING Group price provided a new negative close below the bearish channel’s resistance at 11.45, to confirm its affection by the bearish bias domination, we notice that the price begins to form a new bearish trading, to expect its readiness to record several negative targets that begin at 10.85 reaching to 10.52, to close the achieved price gap.

Noticing the stability of the moving average 55 above the main resistance, to increase its strength against the current trading, which confirms the price confinement within the negative range until achieving the mentioned targets.

Expected trading range for today is between 11.30 and 10.85

Expected trend for today: Bearish