The EURUSD faces solid resistance – Analysis - 05-12-2019

Economies.com
2019-12-05 05:42AM UTC

The EURUSD pair faced solid resistance at 1.1105 yesterday, and it attempts to gain the positive momentum now in attempt to resume the bullish bias and breach the mentioned level to open the way to visit 1.1180 level that represents our next target.

 

In general, we will continue to suggest the bullish bias as long as 1.1065 level remains intact, noting that the EMA50 continues to support the suggested bullish wave.

 

The expected trading range for today is between 1.1000 support and 1.1160 resistance.

 

The expected trend for today: Bullish

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