The EURUSD attempts to recover – Analysis - 10-12-2019

Economies.com
2019-12-10 05:49AM UTC

The EURUSD pair begins today’s trading with new bullish bias to move above 1.1065 level, to show attempts to achieve intraday gains before attempting to resume the bearish trend again.

 

Until now, the bearish trend scenario still active unless breaching 1.1108 level and holding above it, as breaching this level will push the price to achieve more gains that reach 1.1180 as a next station, while the main targets of the suggested bearish wave located at 1.0995 followed by 1.0950.

 

The expected trading range for today is between 1.0970 support and 1.1120 resistance.

 

The expected trend for today: Bearish

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