Midday update for the EURUSD 25-01-2021
Economies.com
2021-01-25 10:57AM UTC
The EURUSD pair faces negative pressure to test 1.2145 level, and as we mentioned in our morning report, the price needs to hold above this level to keep the bullish trend active for today, as breaking it will press on the price to head towards 1.2064 areas before any new attempt to rise, while the price needs to surpass 1.2173 to reinforce the chances of resuming the bullish trend that its next target located at 1.2300.
The expected trading range for today is between 1.2100 support and 1.2270 resistance.
The expected trend for today: Bullish
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