The EURUSD under the negative pressure – Analysis - 10-07-2020

2020-07-10 04:25:10 GMT (Economies.com)
 

The EURUSD pair faced clear negative pressure yesterday to settle at the key support 1.1270 now, which urges caution from the upcoming trading, as continuing the negative pressure and breaking this level will stop the recently suggested positive scenario and push the price to suffer more losses.

 

Stochastic shows clear oversold signals now, to support the chances of bouncing bullishly in the upcoming sessions, which makes us keep our bullish overview conditioned by the price stability above 1.1270, noting that our main expected target reaches 1.1420.

 

The expected trading range for today is between 1.1200 support and 1.1370 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1747
0.0076
0.6520%
1.2885
0.0017
0.1329%
Tadawul
8295.05
-23.00
0.28%
23.802
0.446
1.910%
38.583
-1.707
4.237%
40.69
-1.60
3.78%
1905.480
32.785
1.751%
 
 
Live Forex Updates