Midday update for the EURUSD 20-01-2021
Economies.com
2021-01-20 10:04AM UTC
The EURUSD pair shows negative trades now to test the support base formed at 1.2125, which represents the first protection factor to the continuation of the expected bullish trend scenario for today, as breaking it represents the key to extend the negative trades for potential test to 1.2064 areas.
Until now, the bullish trend scenario still suggested for the upcoming period conditioned by the price stability above 1.2064, noting that our next targets begin at 1.2173 and extend to 1.2300 after surpassing the previous level.
The expected trading range for today is between 1.2064 support and 1.2230 resistance.
The expected trend for today: Bullish
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