The EURUSD faces solid support – Analysis - 06-04-2020

2020-04-06 05:00:13 GMT (Economies.com)
 

The EURUSD pair shows some slight bullish bias after finding solid support at 1.0775, to approach testing the previously broken support line that turns into key resistance at 1.0840, accompanied by stochastic loss to the positive momentum gradually, while the EMA50 forms negative pressure against the price.

 

Therefore, we believe that the chances valid to rebound bearishly and resume the main bearish trend, reminding you that our next targets begin at 1.0700 and extend to 1.0640, while achieving them requires holding below 1.0840.

 

The expected trading range for today is between 1.0700 support and 1.0900 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1246
-0.0031
0.2718%
1.2486
0.0178
1.4462%
Tadawul
7388.49
76.25
1.04%
18.047
0.268
1.507%
40.285
1.510
3.894%
42.80
-0.34
0.79%
1774.730
3.115
0.176%
 
 
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