Midday update for the EURUSD 16-07-2019
Economies.com
2019-07-16 09:38AM UTC
The EURUSD pair faces negative pressure to attack 1.1245 level and moves below it, which urges caution from the upcoming trading, as continuing the negative pressure and confirming breaking this level will push the price to test the most important support to the short term trading at 1.1180, hinting a potential turn for the trend to decline.
On the other hand, the price needs to breach 1.1290 to confirm resuming the recently suggested bullish trend scenario, which its next targets located at 1.1350 followed by 1.1443.
The expected trading range for today is between 1.1200 support and 1.1360 resistance.
The expected trend for today: Bullish
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