Forex

Midday update for the EURUSD 06-08-2020

2020-08-06 09:02:50 GMT (Economies.com)

The EURUSD pair faces negative pressure now to attack 1.1850 level, which urges caution from the upcoming trading, as confirming breaking this level will press on the price for more decline and visit 1.1765 followed by 1.1737 levels before any new attempt to rise, while the price needs to breach 1.1908 to confirm rallying towards our next positive target that reaches 1.1995.

 

The expected trading range for today is between 1.1790 support and 1.1960 resistance.

 

The expected trend for today: Bullish

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