Midday update for EURUSD 05-09-2018

Economies.com
2018-09-05 09:45AM UTC

The EURUSD pair returns to press negatively on the key support 1.1554 level in attempt to break it, which urges caution from the upcoming trading, especially after the price found good resistance formed by the EMA50 during the recent positive attempt, as breaking the mentioned level will push the price to decline and test 1.1443 level initially, while our first positive target is located at 1.1705.

 

Expected trading range for today is between 1.1520 support and 1.1705 resistance.

 

Expected trend for today: Bullish

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