The EURUSD attempts positively – Analysis - 13-01-2020
Economies.com
2020-01-13 05:43AM UTC
The EURUSD pair begins today’s trading with bullish bias to retest the previously broken support of the bullish channel, which turns into key resistance now at 1.1140, met by the EMA50 to add more strength to this resistance, accompanied by stochastic reach to the overbought areas.
Therefore, these factors encourage us to suggest bearish rebound to resume the decline in the upcoming sessions, which targets testing 1.1060 level mainly, noting that breaching 1.1140 followed by 1.1180 levels will stop the negative scenario and lead the price to regain the main bullish trend.
The expected trading range for today is between 1.1030 support and 1.1200 resistance.
The expected trend for today: Bearish
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