Midday update for the EURUSD 31-07-2020
Economies.com
2020-07-31 10:14AM UTC
The EURUSD pair faces a negative pressure after hitting our waited target at 1.1890, to head towards a potential test to the intraday bullish channel’s support, as long as the price above 1.1760, so our bullish trend expectations will remain valid for today, supported by the EMA50, pointing that surpassing 1.1890 is required to confirm the continuation of the bullish wave towards our next target that reach 1.1995.
The expected trading range for today is between 1.1800 support and 1.1980 resistance.
The expected trend for today: Bullish
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