Midday Update of the Euro against the Dollar 08-02-2018

in #steemit • 7 years ago (edited)

The EUR / USD pair resumed its negative trading significantly to succeed in achieving our next target at 1.2226, which represents 50% Fibonacci level of the rise from 1.1915 to 1.2536, which means that breaking it will push the price towards 1.2152 directly.

SMA 50 continues to press negatively on the price, to keep the bearish trend likely for the rest of the day unless 1.2300 levels are breached and then 1.2390 and stability above it.

The trading range for today is expected among 1.2180 support and 1.2340 resistance

The general trend for today is bearish


#analyse #cryptocurrency #blockchain #euro-usd
7 years ago in #steemit by
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