EUR/USD breaks the support – Analysis – 16/01/2019

eu-l20The EURUSD pair confirmed breaking 1.1443 level after closing the daily candlestick below it, which pushes the price to decline in the upcoming sessions, waiting to test 1.1335 level initially, which breaking it represents the key to rally towards 1.1181 as a next target.

We should note that breaching 1.1443 and holding above it again will reactivate the bullish trend scenario that its first target located at 1.1550.

Expected trading range for today is between 1.1300 support and 1.1500 resistance.

Expected trend for today: Bearish

EURUSD breaks the support – Analysis - 16-01-2019

Origin: Economies

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