The EURUSD approaches the resistance – Analysis - 01-05-2019
Economies.com
2019-05-01 03:42AM UTC
The EURUSD pair settled above 1.1180 level, but it’s still below the most important resistance 1.1250, which keeps the bearish trend scenario active until now, supported by the negative pressure formed by the EMA50, besides stochastic loss to the positive momentum, waiting to visit 1.1100 level mainly.
We remind you that breaching 1.1250 will stop the expected decline and push the price to achieve positive targets that begin at 1.1320 and extend to 1.1443.
The expected trading range for today is between 1.1120 support and 1.1280 resistance.
The expected trend for today: Bearish
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