The EURUSD fails to breach – Analysis - 30-06-2020

The EURUSD pair returns to fluctuate between 1.1175 support and 1.1270 resistance, to keep our neutrality valid until the price manages to breach one of these levels and detect its next targets clearly, noting that the contradiction between stochastic positivity and the EMA50 negativity provides another reason for neutrality.

We remind you that breaching the mentioned resistance will lead the price to resume the main bullish trend that its next target located at 1.1420, while breaking the support represents negative factor that will force the price to achieve additional bearish correction that targets 1.1100 followed by 1.1020 levels before any new attempt to rise.

The expected trading range for today is between 1.1140 support and 1.1340 resistance.

The expected trend for today: Depends on the above mentioned levels