The EURUSD awaits the breach – Analysis - 12-05-2021

2021-05-12 00:03:02 GMT (Economies.com)
 

The EURUSD pair shows more attempts to breach 1.2170 level but it finds difficulty to confirm the breach, to show some temporary bearish bias now, affected by stochastic negativity, waiting to resume the positive trades to open the way to head towards our next main target that reaches 1.2300.

 

On the other hand, we should note that breaking 1.2135 will press on the price to achieve more decline and test 1.2064 areas before determining the next destination clearly.

 

The expected trading range for today is between 1.2064 support and 1.2230 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1942
0.0040
0.3382%
1.3930
0.0036
0.2609%
Tadawul
10919.68
6.62
0.06%
26.044
0.056
0.215%
73.500
1.674
2.331%
75.56
0.32
0.43%
1777.485
-0.905
0.051%
 
 
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