The EURUSD breaks the support – Analysis - 27-03-2019
Economies.com
2019-03-27 05:26AM UTC
The EURUSD pair confirmed breaking 1.1278 level after closing the daily candlestick below it, which activates the bearish trend scenario on the intraday basis, targeting 1.1240 followed by 1.1180 levels as next main stations, making the bearish bias dominant in the upcoming sessions.
The EMA50 presses negatively on the price to support the expectations to decline, which will remain valid unless breaching 1.1278 level and holding above it, as this breach is considered as the first key to start recovery attempts and regaining the main bullish trend again.
The expected trading range for today is between 1.1170 support and 1.1310 resistance.
The expected trend for today: Bearish
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