The EURUSD resumes the decline – Analysis - 05-05-2021
Economies.com
2021-05-05 00:55AM UTC
The EURUSD pair tested 1.2000 barrier, falling under the negative pressure formed by the EMA50, to support the continuation of the expected bearish trend scenario for the upcoming period, which target 1.1975 level as a next station, reminding you that breaking this level will extend the bearish wave to reach 1.1880.
On the other hand, we should note that breaching 1.2064 will stop the expected decline and lead the price to turn to rise.
The expected trading range for today is between 1.1940 support and 1.2080 resistance.
The expected trend for today: Bearish
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