The EURUSD retests – Analysis - 07-03-2019
Economies.com
2019-03-07 05:07AM UTC
The EURUSD pair hovers around 1.1300 level since yesterday, and the EMA50 forms negative pressure against the price, while stochastic begins to lose the positive momentum.
Therefore, we believe that the chances are valid to resume the expected bearish bias on the intraday basis, which targets testing 1.1180 level mainly, while its continuation conditions holding below 1.1300.
The expected trading range for today is between 1.1180 support and 1.1370 resistance.
The expected trend for today: Bearish
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