EURUSD attempts to breach – Analysis - 30-01-2019

The EURUSD pair continues to fluctuate around 1.1443 level and attempts to breach it, and as we mentioned yesterday, the price needs to confirm the breach to activate the bullish trend scenario on the intraday and short term basis followed by rallying towards 1.1550 and 1.1705 levels as next main targets.

On the other hand, failing to breach will put the price under the negative pressure again, to head towards 1.1300 followed by 1.1181 initially.

Therefore, we will continue with our neutrality until the price confirms its situation according to 1.1443 level, noting that the contradiction between the positivity of moving above the EMA50 and stochastic negativity still valid.

Expected trading range for today is between 1.1330 support and 1.1530 resistance.

Expected trend for today: Neutral