The EURUSD faces solid resistance – Analysis - 08-04-2021

2021-04-08 04:15:43 GMT (Economies.com)
 

The EURUSD pair attempted to breach 1.1885 level but it couldn’t manage to hold above it, to settle below this level and hints heading to rebound bearishly in the upcoming sessions, making the bearish bias suggested for today, targeting testing 1.1780 level initially.

 

Therefore, we expect witnessing negative trades today, taking into consideration that breaching 1.1885 and holding above it will stop the suggested negative scenario and lead the price to achieve more gains on the intraday and short term basis.

 

The expected trading range for today is between 1.1780 support and 1.1950 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.2055
0.0029
0.2407%
1.3885
-0.0068
0.4906%
Tadawul
10127.90
18.31
0.18%
26.088
0.296
1.150%
61.931
-1.247
1.974%
65.83
0.43
0.66%
1783.675
12.225
0.690%
 
 
Live Forex Updates