Midday update for the EURUSD 24-10-2019
Economies.com
2019-10-24 09:12AM UTC
The EURUSD pair returns to decline to approach from 1.1105 level, where it is affected by the negativity of the European PMI, which requires being aware in the upcoming trading, where the continuation of the decline a breaking the mentioned level followed by breaking 1.1065 level will stop the expected rise for today, and pushes the price to achieve more of the bearish correctional targets.
Until now, we keep preferring the bullish trend conditioned by holding above the above mentioned levels, waiting for visiting 1.1180 level as an initial station.
The expected trading range for today is between 1.1060 support and 1.1230 resistance.
The expected trend for today: Bullish
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