The EURUSD tests the support – Analysis - 05-03-2019

The EURUSD pair tested 1.1300 support line yesterday and could not manage to break it, to keep the price confined between the trend confirmation levels represented by the mentioned support and 1.1400 resistance, thus, we will continue neutral until the price confirms breaching one of these levels followed by detecting the next targets clearly.

We remind you that the continuation of the negative pressure and breaking the mentioned support will push the price towards 1.1180 as a next negative target, while breaching the resistance will open the way for recovery attempts on the intraday basis, the targets will begin at 1.1443 and extend to 1.1550.

The expected trading range for today is between 1.1250 support and 1.1420 resistance.

The expected trend for today: Neutral