Midday update for the EURUSD 22-03-2019
Economies.com
2019-03-22 10:59AM UTC
The EURUSD pair declines sharply to break 1.1340 level and reaches the first expected negative target of the break at 1.1280, and it is expected to witness more decline in case the price settled below 1.1340, to extend the next target and reach 1.1240, but we prefer staying aside until trades settle and the price confirms its situation according to the next trend keys represented by 1.1340 support and 1.1380 resistance.
Note that bouncing upwards to breach 1.1380 resistance will lead the pair to recover and achieve gains that reach 1.1440 initially.
The expected trading range for today is between 1.1240 support and 1.1400 resistance.
The expected trend for today: Depends on the above mentioned levels
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