Midday update for the EURUSD 20-01-2020
Economies.com
2020-01-20 11:06AM UTC
The EURUSD pair shows more bearish bias to continue approaching the bullish channel’s support line, to keep the bearish trend scenario active for today, reminding you that it is important to monitor the price when reaching 1.1065 level, as breaking it will push the price to 1.0985 direct, while holding against the current negative pressure will lead the price to resume the main bullish trend and head to test 1.1180 level initially.
The expected trading range for today is between 1.1040 support and 1.1160 resistance.
The expected trend for today: Bearish
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