Midday update for the EURUSD 26-05-2020
Economies.com
2020-05-26 09:34AM UTC
The EURUSD pair shows bullish bias to test the key resistance 1.0966, accompanied by stochastic entering the overbought areas, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which targets 1.0840 initially.
Note that breaching 1.0966 and holding below it will stop the expected decline and lead the price to achieve additional gains that reach 1.1067.
The expected trading range for today is between 1.0800 support and 1.0966 resistance.
The expected trend for today: Bearish
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