The EURUSD tests the key support – Analysis - 13-05-2021

2021-05-12 23:19:13 GMT (Economies.com)
 

The EURUSD pair settles at the key support 1.2064, facing contradiction between the technical factors, which makes us prefer staying aside until we get clearer signal for the next trend, through monitoring the price behavior according to the mentioned level.

 

Note that breaking 1.2064 will push the price to continue the decline and head towards 1.1976 as a next negative target, while consolidating above it represents the key to resume the bullish wave inside the bullish channel that appears on the chart to test 1.2170 level again.

 

The expected trading range for today is between 1.2000 support and 1.2170 resistance.

 

The expected trend for today: Neutral

 
 
 
  Symbol Last Change Chg.%
1.1846
0.0058
0.4950%
1.3906
0.0109
0.7911%
Tadawul
10933.73
22.68
0.21%
25.026
-0.185
0.736%
72.407
0.766
1.069%
74.74
0.31
0.42%
1809.305
7.170
0.398%
 
 
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