The EUR/USD faces solid support – Analysis – 03/04/2019

news_22_feb_3_euro_usdThe EURUSD pair finds difficulty to break 1.1180 level, which represents 61.8% Fibonacci correction level for the entire rise that appears on the chart, supported by stochastic positivity, which might push the price to provide some temporary positive attempts.

But until now, the main bearish trend scenario still suggested as long as the price is below 1.1300, reminding you that our next target is located at 1.1100, while breaching 1.1300 represents the key to start recovery attempts that target 1.1443 initially.

The expected trading range for today is between 1.1120 support and 1.1280 resistance.

The expected trend for today: Bearish

The EURUSD faces solid support – Analysis - 03-04-2019

Origin: Economies

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