Midday update for the EURUSD 01-04-2020
Economies.com
2020-04-01 10:10AM UTC
The EURUSD pair faces additional negative pressure to break 1.0966 level and closed the last four hours’ candlestick below it, which turns the intraday track to decline for the rest of the day, on its way to test 1.0840 level initially.
Therefore, the bearish bias will be suggested for the upcoming sessions, taking into consideration that stepping above 1.0966 again will reactivate the correctional bullish trend scenario that targets 1.1067 followed by 1.1170 levels as next main stations.
The expected trading range for today is between 1.0840 support and 1.1050 resistance.
The expected trend for today: Bearish for the rest of the day
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