Midday update for EURUSD 20-02-2018
Economies.com
2018-02-20 10:44AM UTC
The EURUSD price traded with clear negativity to move away from 1.2390 level and closes the last four hours candlestick below it, which might push the price towards more of the expected decline for the rest of the day, waiting for testing 1.2300 level mainly.
Therefore, the bearish bias will be preferred in the upcoming sessions unless breaching 1.2390 level and holding above it, being aware that breaking the targeted level will extend the pair’s losses to reach 1.2226 as a next station.
Expected trading range for today is between 1.2300 support and 1.2400 resistance.
Expected trend for today: Bearish
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