The EURUSD attempts to breach – Analysis - 06-07-2020

2020-07-06 04:27:48 GMT (Economies.com)
 

The EURUSD pair begins today with clear rise to attack the sideways range’s resistance at 1.1270, which hints the price head to resume the main bullish trend, but we need to get a daily close above the mentioned level to confirm the continuation of rising to head towards the first positive target at 1.1420.

 

Therefore, the sideways trading scenario will remain valid until the price confirms breaching 1.1270 resistance or breaking 1.1175 support to detect the next destination clearly.

 

The expected trading range for today is between 1.1200 support and 1.1370 resistance.

 

The expected trend for today: Sideways

 
 
 
  Symbol Last Change Chg.%
1.1752
0.0042
0.3561%
1.3070
0.0055
0.4260%
Tadawul
7459.21
4.14
0.06%
24.363
0.116
0.476%
41.020
0.585
1.447%
44.28
0.74
1.70%
1974.900
5.545
0.282%
 
 
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