Midday update for the EURUSD 27-01-2021
Economies.com
2021-01-27 10:47AM UTC
The EURUSD pair trades with clear negativity to attack the intraday bullish channel’s support line and attempts to hold below it, which hints the price head to reactivate the negative scenario, but we need to confirm breaking 1.2120 to reinforce the chances of continuing the decline in the upcoming sessions.
Therefore, we will continue with our neutrality until the price confirms surpassing one of the trend keys represented by 1.2120 support and 1.2173 resistance, noting that the details of the expected targets after the breach are explained in our morning report.
The expected trading range for today is between 1.2060 support and 1.2250 resistance.
The expected trend for today: Neutral
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