Midday update for the EURUSD 28-01-2020
Economies.com
2020-01-28 11:46AM UTC
The EURUSD pair shows slight negative trading to keep crawling towards our initial waited target at 1.0985, keeping the bearish trend valid and active for the rest of the day, supported by the negative support that comes from the EMA50, reminding you that surpassing the mentioned level will push the price to 1.0880 as a next station, while the expected decline will remain valid unless breaching 1.1080 level and holding above it.
The expected trading range for today is between 1.0940 support and 1.1080 resistance.
The expected trend for today: Bearish
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