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Midday update for the EURUSD 12-03-2020
The EURUSD pair resumes its negative trades to reach our waited target at 1.1221, noting that stochastic supports the chances of breaking the mentioned level to continue the decline towards our next correctional target that reaches 1.1136.
Therefore, the bearish bias will remain suggested in the upcoming sessions unless the price rallie to breach 1.1325 level and hold above it.
The expected trading range for today is between 1.1200 support and 1.1360 resistance.
The expected trend for today: Bearish temporarily
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