Midday update for the EURUSD 10-08-2020
Economies.com
2020-08-10 09:46AM UTC
The EURUSD pair faces negative pressure now to head towards potential test to the key support 1.1737, and as we mentioned this morning, the price needs to hold above this level to keep the bullish trend scenario active for today, as breaking it will press on the price to target 1.1632 level as a next correctional level, while we are waiting to breach 1.1820 to reinforce the chances of rallying towards our first positive target at 1.1908.
The expected trading range for today is between 1.1737 support and 1.1900 resistance.
The expected trend for today: Bullish
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