The EURUSD rises calmly – Analysis - 31-07-2019
Economies.com
2019-07-31 04:53AM UTC
The EURUSD pair shows slight bullish bias to move around 1.1150, affected by stochastic positivity, but the price stability below 1.1180 keeps the bearish trend scenario valid for the upcoming period, supported by the negative pressure formed by the EMA50, waiting to target 1.1100 followed by 1.1000 levels as next main stations.
Note that it is important to be careful during today’s trading, as the markets waiting for the FOMC rate decision, which might cause high volatility at the major currencies’ pairs.
The expected trading range for today is between 1.1050 support and 1.1220 resistance.
The expected trend for today: Bearish
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