The EURUSD awaits the confirmation signal – Analysis - 11-03-2019

The EURUSD pair’s rise stopped at 1.1245 level, showing some slight bearish bias now, affected by stochastic negativity, to keep the price stuck between the trend confirmation levels represented by 1.1180 support and 1.1270 resistance, and as we mentioned in our Friday’s reports, the price needs to breach one of these levels to detect its next targets clearly.

Note that the continuation of the bearish bias and breaking 1.1180 will put the price under the negative pressure again, to head towards 1.1110 followed by 1.1000 levels as initial targets, while breaching 1.1270 will lead the price for more recovery and visit 1.1420 level mainly.

The expected trading range for today is between 1.1110 support and 1.1310 resistance.

The expected trend for today: Depends on the above mentioned levels