Midday update for the EURUSD 07-04-2020

2020-04-07 10:36:14 GMT (Economies.com)
 

The EURUSD pair breached 1.0840 level clearly and settles above it now, which urges caution from the upcoming trading, as consolidating above this level will push the price to achieve more bullish bias to visit 1.0966 as a first positive target, while trading below it again will reactivate the bearish trend scenario that its next target located at 1.0700.

 

Therefore, we prefer staying aside until the price confirms its situation according to 1.0840 level followed by getting clearer signal for the next trend.

 

The expected trading range for today is between 1.0750 support and 1.0950 resistance.

 

The expected trend for today: Neutral

 
 
 
  Symbol Last Change Chg.%
1.1246
-0.0031
0.2718%
1.2486
0.0178
1.4462%
Tadawul
7388.49
76.25
1.04%
18.047
0.268
1.507%
40.285
1.510
3.894%
42.80
-0.34
0.79%
1774.730
3.115
0.176%
 
 
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