The EURUSD presses on the support – Analysis - 19-04-2022
2022-04-19 01:33AM UTC

The EURUSD pair touched 1.0775 level and presses negatively on it, to support the expectations of continuing the domination of the bearish trend in the upcoming sessions, on its way to visit 1.0700 as a next main target.


The EMA50 continues to support the suggested bearish wave, taking into consideration that the consolidation of the current level against the negative pressure will push the price to start recovery attempts that target testing 1.0860 followed by 1.0950 areas on the near term basis.



The expected trading range for today is between 1.0700 support and 1.0820 resistance.


The expected trend for today: Bearish

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