The EUR/USD completes the negative pattern – Analysis – 08/11/2019

a-3The EURUSD pair confirmed breaking 1.1065 level after closing the daily candlestick below it, to activate the negative effect of the double top pattern that its signs appear on the chart, waiting for more decline in the upcoming sessions, as our main targets located at 1.0995 followed by 1.0950.

Therefore, the bearish trend will remain suggested for today supported by the negative pressure formed by the EMA50, reminding you that the continuation of the bearish wave conditions holding below 1.1065 and 1.1105 levels.

The expected trading range for today is between 1.0950 support and 1.1120 resistance.

The expected trend for today: Bearish

The EURUSD completes the negative pattern – Analysis - 08-11-2019

Origin: Economies

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