The EURUSD approaches the target – Analysis - 06-05-2021
Economies.com
2021-05-06 00:44AM UTC
The EURUSD pair shows some slight bullish bias after approaching our waited target at 1.1975, affected by stochastic positivity, while the EMA50 keeps forming negative pressure against the price.
Therefore, we believe that the chances valid to resume the bearish trend that its targets extend to 1.1880 after surpassing the above mentioned level, reminding you that the continuation of the bearish wave requires holding below 1.2064.
The expected trading range for today is between 1.1920 support and 1.2064 resistance.
The expected trend for today: Bearish
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