The EURUSD faces solid resistance – Analysis - 11-05-2021

2021-05-11 00:11:45 GMT (Economies.com)
 

The EURUSD pair finds difficulty to breach 1.2170 level, to show some bearish bias and test the minor support 1.2135, as the price needs to consolidate above this level to keep the positive scenario active for the upcoming period, which its next target reaches 1.2300.

 

Stochastic approaches the oversold areas to support the expectations to rise, reminding you that breaking 1.2135 will press on the price to test 1.2064 areas before turning back to rise.

 

The expected trading range for today is between 1.2064 support and 1.2230 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1942
0.0040
0.3373%
1.3928
0.0034
0.2469%
Tadawul
10919.68
6.62
0.06%
26.043
0.054
0.210%
73.502
1.676
2.333%
75.56
0.32
0.43%
1777.570
-0.820
0.046%
 
 
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