Midday update for the EURUSD 06-04-2020
Economies.com
2020-04-06 10:49AM UTC
The EURUSD pair resumes its negative trades after testing 1.0840 level this morning, and begins to press on 1.0755 level, noticing that stochastic overlaps negatively, waiting to motivate the price to break the last level and open the way to head towards our negative stations that start at 1.0700 followed by 1.0640.
We remind you that the continuation of the expected bearish wave depends on the price stability below 1.0840.
The expected trading range for today is between 1.0700 support and 1.0900 resistance.
The expected trend for today: Bearish
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