Forex

The EURUSD attempts negatively – Analysis - 15-01-2020

2020-01-15 05:46:25 GMT (Economies.com)

The EURUSD pair provided negative trades yesterday in attempt to move away from 1.1140, to keep the negative pressure valid for the upcoming period, supported by the EMA50 that pushes the price from below, waiting for more decline to visit 1.1065 that represents our next main target.

 

We should note that breaching 1.1140 followed by 1.1180 would stop the expected decline and lead the price to resume the main bullish trend.

 

The expected trading range for today is between 1.1060 support and 1.1200 resistance.

 

The expected trend for today: Bearish

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