Forex
Midday update for the EURUSD 22-05-2020
2020-05-22 09:02:32 GMT
(Economies.com)
The EURUSD pair trades with clear negativity to start testing the EMA50, waiting to surpass this barrier to ease the mission of heading towards our waited negative target at 1.0840.
Therefore, our bearish overview will remain valid for the rest of the day, noting that breaking the mentioned level will extend the bearish wave to reach 1.0700 as a next station, while the expected decline will remain valid unless breaching 1.0966 and holding above it.
The expected trading range for today is between 1.0840 support and 1.1000 resistance.
The expected trend for today: Bearish
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.1302
|
-0.0029
|
0.2568%
|
|
|
|
|
1.2627
|
0.0120
|
0.9627%
|
|
|
|
Tadawul
|
7416.67
|
22.41
|
0.30%
|
|
|
|
|
18.674
|
0.328
|
1.788%
|
|
|
|
|
40.110
|
-0.125
|
0.311%
|
|
|
|
|
42.92
|
0.57
|
1.35%
|
|
|
|
|
1798.215
|
12.230
|
0.685%
|
|
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