EURUSD begins negatively – Analysis - 06-02-2019
The EURUSD pair begins today’s trading with slight bearish bias to move below the EMA50, on its way to test the key support 1.1370, which represents one of the next trend keys besides 1.1443 resistance, and as we mentioned yesterday, the price needs to breach one of these levels to detect its next targets clearly.
Therefore, our neutrality will remain valid until we get clearer signal for the next trend, reminding you that breaking the mentioned support will press on the price to head towards 1.1181 mainly, while breaching the resistance will lead the price to resume the bullish trend that targets 1.1550 followed by 1.1705 levels initially.
The expected trading range for today is between 1.1300 support and 1.1500 resistance.
The expected trend for today: Neutral
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