The EURUSD awaits confirmation signal – Analysis - 23-04-2019

The EURUSD pair continues to fluctuate around 1.1255 level, and trades still weak in general, which makes us continue with our neutrality until the price confirms breaching one of the next trend keys represented by 1.1180 support and 1.1255 resistance, noting that the contradiction between stochastic positivity and the EMA50 negativity provides another reason for neutrality.

We remind you that breaching the above mentioned resistance will push the price to achieve intraday gains that begin at 1.1345 and extend to 1.1443, while breaking the support will press on the price to resume the main bearish track that its next main target located at 1.1100.

The expected trading range for today is between 1.1160 support and 1.1345 resistance.

The expected trend for today: Neutral