The EURUSD surpasses the resistance – Analysis - 07-07-2020
Economies.com
2020-07-07 04:26AM UTC
The EURUSD pair confirmed breaching 1.1270 level after closing the daily candlestick above it, to activate the bullish trend scenario on the intraday and short term basis, paving the way to head towards 1.1420 that represents the next positive target.
Therefore, the bullish bias will be suggested for the upcoming sessions supported by the EMA50, noting that breaking 1.1270 will stop the suggested rise and press on the price to test 1.1175 areas initially.
The expected trading range for today is between 1.1240 support and 1.1420 resistance.
The expected trend for today: Bullish
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