The EURUSD approaches the first target – Analysis - 25-07-2019
Economies.com
2019-07-25 06:22AM UTC
The EURUSD pair shows more negative trading to approach gradually from our first waited target at 1.1100, and the price falls under continuous negative pressure coming by the EMA50, to support the chances of breaking the mentioned level followed by extending the bearish wave to reach our next waited target at 1.1000.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions conditioned by the price stability below 1.1180, being aware that it is important to be careful during today’s trading, especially at the time of releasing the Euro rate decision and the ECB president press release.
The expected trading range for today is between 1.1030 support and 1.1200 resistance.
The expected trend for today: Bearish
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