Midday update for the EURUSD 27-02-2020
Economies.com
2020-02-27 10:47AM UTC
The EURUSD pair shows additional positive trades to reach 38.2% Fibonacci correction level at 1.0954, to hint the price head to achieve more gains in the upcoming sessions, but we still neutral until we get clearer signal for the next trend, which we will get through breaching the mentioned resistance or breaking 1.0887 support.
Note that breaching the resistance will push the price to 1.1008 as a next correctional target, while breaking the support represents the key to return to the main bearish track that its first target located at 1.0760.
The expected trading range for today is between 1.0830 support and 1.0985 resistance.
The expected trend for today: Neutral
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