The EURUSD tests the resistance – Analysis - 12-03-2019

The EURUSD pair begins today’s trading positively to test the key resistance 1.1270, which represents an important key to the next trend besides 1.1180 support, as breaching it will push the price to achieve more gains and visit 1.1420 areas mainly.

On the other hand, the EMA50 forms negative pressure against the price, which might block the positive attempts, which makes us continue with our neutrality until the price confirms breaching one of the above mentioned levels and detect its next destination clearly, reminding you that breaking 1.1180 support will put the price under the negative pressure again, to head towards 1.1110 followed by 1.1000 areas as next main stations.

The expected trading range for today is between 1.1150 support and 1.1360 resistance.

The expected trend for today: Depends on the above mentioned levels