EUR / USD closing analysis 08-02-2018
The EUR / USD pair is trading sideways between 1.2300 and 1.2226, and we are still waiting for the last break to confirm the extension of the downside wave towards 1.2152, while Stochastic is gradually losing its bullish momentum to support bearish expectations.
Therefore, the negative scenario will remain effective for the coming period provided stability below 1.2300 and 1.2390 levels.