EURUSD awaits confirmation signal – Analysis - 21-02-2019

Economies.com
2019-02-21 05:16AM UTC

The EURUSD pair keeps fluctuating between the next trend keys represented by 1.1310 support and 1.1380 resistance, which keeps our neutrality valid until now, as the price faces contradiction between the technical factors, and the price needs to breach one of the mentioned levels to detect its next targets clearly.

 

We remind you that breaching the resistance will lead the price to achieve more gains that begin at 1.1443 and extend to 1.1550, while breaking the support will press on the price to resume the bearish trend that targets 1.1180 as a next main station.

 

The expected trading range for today is between 1.1260 support and 1.1440 resistance.

 

The expected trend for today: Neutral

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