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Thursday, August 9, 2018

|>> New Forex Analysis by FX for Dummies August 09, 2018 at 08:40AM :

" šŸ“Š The EURUSD pair fluctuates around 1.1615 level now, and the price keeps its stability below the symmetrical triangle’s support line that was broken previously, to keep the negative pressure valid until now, supported by the EMA50 that keeps pushing the price downwards, besides that stochastic loses its positive momentum gradually. Therefore, we believe that the chances are valid to resume the bearish trend that targets 1.1443 areas mainly, noting that breaching 1.1645 followed by 1.1715 levels will stop the expected decline and lead the price to start recovery attempts and regain the main bullish trend again. Expected trading range for today is between 1.1500 support and 1.1700 resistance. Expected trend for today: Bearish "

 

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