EURUSD suffers sharp losses – Analysis - 21-09-2017
Economies.com
2017-09-21 03:43AM UTC
The EURUSD pair faced strong negative pressure yesterday's evening after the FOMC rate decision, to confirm breaking 1.1915 and settling below it, which puts the price under negative pressure that we expect to push trading to test 1.1817 mainly, noting that breaking this level will extend the pair's losses to reach 1.1758.
Therefore, the bearish trend will be suggested for today supported by the EMA50, noting that breaching 1.1915 will stop the current negative pressure and lead the price to regain its main bullish track again.
Expected trading range for today is between 1.1758 support and 1.1950 resistance.
Expected trend for today: Bearish
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