The EURUSD approaches the target – Analysis - 20-01-2020
Economies.com
2020-01-20 05:55AM UTC
The EURUSD pair settles below 1.1100 level, and the EMA50 forms negative pressure that supports the chances of continuing the bearish bias to test the bullish channel’s support line at 1.1065.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions, reminding you that breaking the mentioned support will push the price to visit 1.0985 as a next target, while the expected decline will remain valid unless the price managed to breach 1.1180 level and hold above it.
The expected trading range for today is between 1.1040 support and 1.1160 resistance.
The expected trend for today: Bearish
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