Midday update for the EURUSD 18-02-2021

Economies.com
2021-02-18 10:40AM UTC

The EURUSD pair trades with clear positivity to attack 1.2064 level and attempts to hold above it, which urges caution from the upcoming trading, as confirming the breach will stop the morning suggested negative scenario and leads the price to resume the main bullish trend, which its next target located at 1.2173, while the price needs to consolidate below 1.2064 to keep the bearish bias valid, which targets 1.1976 as a first negative station.

 

The expected trading range for today is between 1.1950 support and 1.2100 resistance.

 

The expected trend for today: Bearish

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