EURUSD breaks the support – Analysis - 07-02-2019

2019-02-07 05:18:09 GMT (Economies.com)
EURUSD breaks the support – Analysis - 07-02-2019
 

The EURUSD pair broke 1.1370 level and closed the daily candlestick below it, to activate the bearish trend scenario on the intraday basis, which targets 1.1181 level as a next main station.

 

Therefore, the bearish bias will be suggested in the upcoming sessions supported by the negative pressure formed by the EMA50, noting that breaching 1.1370 and holding above it will stop the suggested decline and bring us back to neutrality.

 

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

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1244
-0.0066
0.5827%
1.3001
-0.0079
0.6047%
15.005
0.020
0.134%
64.010
0.218
0.343%
71.97
0.35
0.49%
1275.700
-15.150
1.174%
 
 
Live Forex Updates