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The EURUSD faces solid resistance – Analysis - 20-05-2020
The EURUSD pair succeeded to achieve our waited target at 1.0966 and bounced bearishly from there, which hints the price head to achieve more expected decline in the upcoming sessions, on its way to visit 1.0840 as a next main station.
Therefore, the bearish bias will be expected for today, taking into consideration that breaching 1.0966 will stop the suggested decline and lead the price to achieve additional gains that reach 1.1067.
The expected trading range for today is between 1.0840 support and 1.1000 resistance.
The expected trend for today: Bearish
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MoreEnd of day analysis for the EURUSD 19-05-2020
The EURUSD pair touched our waited target at 1.0966 and faces solid resistance there, which might force the price to provide some temporary bearish rebound before resuming the positive attempts.
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