The EURUSD around the key support – Analysis - 06-05-2019
Economies.com
2019-05-06 02:27AM UTC
The EURUSD pair fluctuates around 1.1180 level, and the price still below the key resistance 1.1250, while the EMA50 forms continuous negative pressure against the price, which encourages us to keep our bearish overview, waiting to visit 1.1100 level mainly.
Surpassing the mentioned level will push the price to 1.1000 direct, while breaching 1.1250 will stop the expected decline and push the price to start recovery attempts on the intraday basis.
The expected trading range for today is between 1.1100 support and 1.1250 resistance.
The expected trend for today: Bearish
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