The EURUSD activates the negative scenario – Analysis - 19-01-2022
Economies.com
2022-01-19 05:11AM UTC
The EURUSD pair broke 1.1375 level strongly and declined to approach the expected negative target for the break at 1.1300, to activate the negative scenario on the intraday basis, noting that breaking the last level will extend the bearish wave to target 1.1150 areas on the near term basis.
Therefore, the bearish bias will be suggested for the upcoming period unless the price rallied to breach 1.1375 and hold above it.
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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