Midday update for the EURUSD 04-05-2021
Economies.com
2021-05-04 08:34AM UTC
The EURUSD pair bounced downwards clearly after testing 1.2064 level, which support the continuation of our bearish overview efficiently for the upcoming sessions, and the way is open to achieve our waited target at 1.1975, noting that stochastic provides negative trades that we expect to motivate the price to break the mentioned level and open the way to head towards 1.1880 as a next negative station.
Therefore, we will continue to suggest the bearish trend unless breaching 1.2064 and holding above it.
The expected trading range for today is between 1.1970 support and 1.2120 resistance.
The expected trend for today: Bearish
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