Midday update for the EURUSD 29-03-2019
Economies.com
2019-03-29 10:48AM UTC
The EURUSD pair shows bearish bias now to move away from the broken support that appears on the chart, to keep the bearish trend scenario active for the upcoming period, supported by the negative pressure provided by the EMA50, reminding you that our waited targets begin at 1.1180 followed by 1.1100.
We should note that the suggested bearish wave will remain active unless breaching 1.1300 level and holding above it.
The expected trading range for today is between 1.1130 support and 1.1300 resistance.
The expected trend for today: Bearish
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