The EURUSD around the moving average – Analysis - 25-05-2020
Economies.com
2020-05-25 02:08AM UTC
The EURUSD pair hovers around the EMA50, expecting to witness weak trades today affected by some financial markets’ holidays.
In general, holding below 1.0966 keeps the bearish trend scenario active on the intraday basis, waiting to test 1.0840 as a first main target, reminding you that breaking this level will extend the bearish wave to reach 1.0700 followed by 1.0640 levels, while breaching 1.0966 represents the key to turn to rise and rally towards 1.1067 initially.
The expected trading range for today is between 1.0800 support and 1.0966 resistance.
The expected trend for today: Bearish
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