The EURUSD confirms the break – Analysis - 14-02-2020

Economies.com
2020-02-14 05:56AM UTC

The EURUSD pair managed to confirm breaking 1.0860 level after closing the daily candlestick below it, which opens the way to continue the bearish trend on the medium term and long term basis, waiting to head towards 1.0760 as a next main station.

 

Therefore, the bearish bias will remain suggested for the upcoming period, supported by the negative pressure formed by the EMA50, noting that breaching 1.0860 and holding above it will stop the current negative pressure and leads the price to start recovery attempts that target testing 1.1035 areas initially.

 

The expected trading range for today is between 1.0750 support and 1.0900 resistance.

 

The expected trend for today: Bearish

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