The EURUSD is recovering – Analysis - 06-04-2021

2021-04-06 04:21:49 GMT (Economies.com)
 

The EURUSD pair ended yesterday above 1.1780 level, which stops the recently suggested negative scenario and leads the price to start recovery attempts on the intraday basis, targeting testing 1.1885 level initially.

 

Therefore, the bullish bias will be expected for today, supported by moving above the EMA50, and the price might witness some temporary negative fluctuation affected by stochastic negativity before resuming the suggested rise, noting that breaking 1.1780 and holding below it will stop the waited bullish bias and press on the price to decline again.

 

The expected trading range for today is between 1.1740 support and 1.1890 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1982
0.0071
0.5994%
1.3839
0.0091
0.6648%
Tadawul
9987.92
124.63
1.26%
25.945
0.850
3.387%
63.092
2.702
4.474%
66.70
-0.23
0.34%
1775.845
38.910
2.240%
 
 
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