Midday update for the EURUSD 07-08-2020
Economies.com
2020-08-07 10:21AM UTC
The EURUSD pair shows more decline to approach our first target at 1.1790, and we suggest the continuation of the bearish bias to test 1.1737 before turning back to rise again.
In general, the bearish trend will remain expected for today unless the price rallied to breach 1.1908 and hold above it, reminding you that it is important to be caution during the upcoming trading due to the possibility of witnessing high volatility affected by the US economic data.
The expected trading range for today is between 1.1737 support and 1.1900 resistance.
The expected trend for today: Bearish
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