The EURUSD loses momentum – Analysis - 06-09-2019
Economies.com
2019-09-06 05:05AM UTC
The EURUSD pair settles around 1.1040 level, noticing that there is weakness at the positive momentum, while we still waiting to test the bearish channel’s resistance around 1.1135 before turning back to resume the main bearish trend.
Therefore, the temporary positive scenario will remain valid until now unless breaking 1.1005 level and holding below it, as breaking this level will press on the price to head towards 1.0857 as a next negative target, while breaching 1.1135 will extend the bullish wave to reach 1.1180 direct.
The expected trading range for today is between 1.0950 support and 1.1135 resistance.
The expected trend for today: Bullish temporarily
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