The EURUSD under the negative pressure – Analysis - 16-03-2020
The EURUSD pair could not manage to surpass 1.1221 level in the previous sessions, to trade negatively and settles below the bearish channel’s resistance that appears on the chart, which hints the price return to resume the main bearish trend, and it needs to break 1.1050 to confirm opening the way to achieve more negative targets that start at 1.0950 and extend to 1.0778.
Therefore, the bearish bias will be suggested for today unless the price rallied to breach 1.1221 level and hold above it.
The expected trading range for today is between 1.1020 support and 1.1200 resistance.
The expected trend for today: Bearish