Midday update for the EURUSD 10-07-2019

Economies.com
2019-07-10 10:48AM UTC

The EURUSD pair shows a bullish bias to test the intraday bearish channel’s resistance, noticing that stochastic reaches the overbought levels thresholds, while the EMA50 keeps pushing negatively on the price.

 

Therefore, the bearish trend scenario will remain valid and active for today, conditioned by holding below 1.1265 level, reminding you that our main targets begin at 1.1180 and extend to 1.1100. 

 

The expected trading range for today is between 1.1130 support and 1.1275 resistance.

 

The expected trend for today: Bearish

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