Midday update for the EURUSD 08-04-2020
Economies.com
2020-04-08 09:40AM UTC
The EURUSD pair attempts to break 1.0840 level, getting negative support by the EMA50 and stochastic, waiting to confirm the break to rally towards our negative targets that start at 1.0700 followed by 1.0640, to continue suggesting the bearish trend for the rest of the day unless the price rallied to breach 1.0966 level and hold with a daily close above it.
The expected trading range for today is between 1.0750 support and 1.0950 resistance.
The expected trend for today: Bearish
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