The EURUSD begins with slight decline – Analysis - 14-10-2019

2019-10-14 04:46:27 GMT (Economies.com)
 

The EURUSD pair shows slight bullish bias in its way to retest the breached resistance of the bearish channel that appears in the image, which turns into an important support now at 1.0990, noticing that the EMA50 meets this support to strengthen it, keeping the positive expectations valid in the upcoming period, waiting for visiting 1.1180 level mainly.

 

Therefore, we will keep the bullish trend scenario preferred, conditioned by holding above 1.0990.

 

The expected trading range for today is between 1.0950 support and 1.1120 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1092
0.0030
0.2744%
1.3131
-0.0006
0.0445%
Tadawul
8066.42
-53.59
0.66%
16.660
0.088
0.531%
59.085
-0.025
0.042%
64.34
0.09
0.14%
1464.035
4.190
0.287%
 
 
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