Midday update for EURUSD 11-07-2018
Economies.com
2018-07-11 09:23AM UTC
The EURUSD pair returns to test the key support 1.1705, which urges caution from the upcoming trades, as breaking this level will put the price under negative pressure that turns the intraday and short term track to decline, while the price needs to hold above 1.1705 to keep the recently suggested bullish trend valid, waiting to breach 1.1770 to confirm opening the way to head towards 1.2029 that represents our main expected target.
Expected trading range for today is between 1.1650 support and 1.1830 resistance.
Expected trend for today: Bullish
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