The EURUSD is affected by the negative momentum – Analysis - 19-04-2021
Economies.com
2021-04-19 01:19AM UTC
The EURUSD pair begins today with slight bearish bias to test the intraday bullish channel’s support line, affected by stochastic negativity, waiting to get positive momentum that assist to push the price to resume the recently suggested bullish trend, which targets 1.2064 as a next station.
On the other hand, we should note that breaking 1.1950 will stop the expected rise and press on the price to turn to decline and head towards testing 1.1880 areas initially.
The expected trading range for today is between 1.1900 support and 1.2060 resistance.
The expected trend for today: Bullish
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