The EURUSD within sideways track – Analysis - 07-04-2020
Economies.com
2020-04-07 04:54AM UTC
The EURUSD pair continues to fluctuate within sideways track, confined between 1.0775 and 1.0840 levels, starting today with bullish bias to approach testing the mentioned resistance, noting that the price needs to hold below this level to keep the bearish trend scenario active for the upcoming period, which targets 1.0700 followed by 1.0640 levels as next negative stations.
The EMA50 keeps supporting the suggested bearish wave, noting that breaching 1.0840 will push the price to achieve intraday gains, starting by testing 1.0966 level.
The expected trading range for today is between 1.0700 support and 1.0900 resistance.
The expected trend for today: Bearish
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