Midday update for the EURUSD 19-01-2022
Economies.com
2022-01-19 11:52AM UTC
The EURUSD pair shows bullish bias to head towards potential test to the key resistance 1.1375, affected by stochastic positivity, and as we mentioned this morning, holding below this resistance keeps the bearish trend scenario active for today, as breaching it will lead the price to start new recovery attempts that reach 1.1500 on the near term basis, while the negative targets begin by breaking 1.1300 to open the way to head towards 1.1150.
The expected trading range for today is between 1.1250 support and 1.1380 resistance.
The expected trend for today: Bearish
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