Forex

The EURUSD attempts positively – Analysis - 19-07-2019

2019-07-19 04:54:22 GMT (Economies.com)

The EURUSD pair provided positive trades yesterday that stopped before reaching 1.1295 level, to show some slight bearish bias now, to keep the price confined between the key levels represented by the mentioned resistance and 1.1180 support, and as we mentioned in our recent reports, the price needs to breach one of these levels to detect its next destination clearly, which keeps our neutrality valid until now.

 

We remind you that breaching the resistance will lead the price to recover and achieve positive targets that start at 1.1350 and extend to 1.1443, while breaking the support will press on the price to resume the bearish track on the short term and medium term basis, as the next main target is located at 1.1100.

 

The expected trading range for today is between 1.1160 support and 1.1350 resistance.

 

The expected trend for today: Depends on the above mentioned levels

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