The EURUSD within tight track – Analysis - 28-01-2020

2020-01-28 05:58:33 GMT (Economies.com)
 

The EURUSD pair did not show any strong move in the previous sessions, to continue fluctuating near 1.1000 barrier, thus, no change to the bearish trend scenario that depends on the price stability below 1.1080 level, reminding you that our targets begin at 1.0985 and extend to 1.0880 after surpassing the previous level.

 

On the other hand, note that the price completed forming head and shoulders’ pattern previously, which supports the chances of continuing the expected bearish wave in the upcoming period.

 

The expected trading range for today is between 1.0940 support and 1.1080 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.0970
0.0155
1.4355%
1.2869
-0.0079
0.6090%
Tadawul
7628.34
-82.78
1.07%
17.756
-0.738
3.988%
47.325
-6.008
11.265%
51.65
-1.92
3.58%
1646.965
3.320
0.202%
 
 
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