Midday update for the EURUSD 12-08-2020
Economies.com
2020-08-12 10:05AM UTC
The EURUSD pair shows positive trading and attempts to move above 1.1737, which urges caution from the upcoming trading, as stepping above this level and settling above it will stop the morning suggested correctional bearish scenario and lead the price to rise again, while the price needs to consolidate below 1.1737 to confirm heading towards the next correctional level at 1.1632.
The expected trading range for today is between 1.1630 support and 1.1800 resistance.
The expected trend for today: Bearish
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