Midday update for the EURUSD 06-05-2021
Economies.com
2021-05-06 10:18AM UTC
The EURUSD pair trades with strong positivity now to approach testing the key resistance 1.2064, and as long as the price is below this level, our bearish overview will remain valid, which targets 1.1975 followed by 1.1880 levels as main stations.
Note that breaching 1.2064 and holding above it will lead the price to resume the short term bullish wave and head towards 1.2170 as a next positive target.
The expected trading range for today is between 1.1950 support and 1.2064 resistance.
The expected trend for today: Bearish
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