The EURUSD closes negatively – Analysis - 22-05-2020
Economies.com
2020-05-22 00:51AM UTC
The EURUSD pair ended yesterday’s trading below 1.0966 level, which puts the price under the expected negative pressure in the upcoming period, easing the way towards 1.0840 as a next negative station.
Therefore, the bearish bias will be preferred for today, taking into consideration that breaching 1.0966 and holding above it again will reactivate the bullish trend scenario that its initial positive target at 1.1067.
The expected trading range for today is between 1.0840 support and 1.1020 resistance.
The expected trend for today: Bearish
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