Midday update for the EURUSD 12-04-2021

2021-04-12 08:57:06 GMT (Economies.com)
 

The EURUSD pair faces negative pressure now to test the bullish pennant’s support line mentioned this morning, and the price needs to consolidate above 1.1870 to keep the bullish trend scenario active for today, as breaking it will cause turn to the trend downwards, while the price needs to breach 1.1905 to reinforce the chances of continuing the expected bullish trend for the upcoming period, which its next target located at 1.1975.

 

The expected trading range for today is between 1.1830 support and 1.1980 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.2058
0.0005
0.0415%
1.3890
-0.0004
0.0291%
Tadawul
10228.35
-26.53
0.26%
27.363
0.844
3.181%
64.841
0.931
1.457%
68.25
-0.71
1.03%
1815.060
25.475
1.423%
 
 
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