The EURUSD hits the first target – Analysis - 02-07-2019
Economies.com
2019-07-02 04:47AM UTC
The EURUSD pair settles at our first target 1.1280 after the strong decline that it witnessed yesterday, and we still expect the continuation of the bearish bias to visit the bullish channel’s support line that rises now to 1.1230, noting that the stability of this level against the current negative pressure will push the price to rebound bullishly and resume the main bullish trend again.
In general, the bearish trend will remain suggested for the upcoming sessions unless the price rallied to breach 1.1350 level and hold above it.
The expected trading range for today is between 1.1200 support and 1.1350 resistance.
The expected trend for today: Bearish
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