The EURUSD breaks the support – Analysis - 18-02-2021
Economies.com
2021-02-18 05:06AM UTC
The EURUSD pair ended yesterday below 1.2064, to turn to the downside and head to visit 50% Fibonacci correction level at 1.1976 as a next station, noting that the continuation of the negative pressure and breaking the mentioned level will extend the bearish wave to reach 1.1888.
Therefore, the bearish bias will be suggested for today supported by the EMA50 that presses negatively on the price, noting that breaching 1.2064 will stop the current negative pressure and lead the price to regain the main bullish trend again.
The expected trading range for today is between 1.1950 support and 1.2100 resistance.
The expected trend for today: Bearish
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