Midday update for the EURUSD 06-10-2021

1 year ago

The EURUSD pair managed to break 1.1563 level and settles below it, reinforcing the expectations of continuing the bearish trend for the rest of the day, opening the way to head towards 1.1500 that represents our next main target, noting that the EMA50 continues to support the expected decline, which conditions holding below 1.1645.


The expected trading range for today is between 1.1500 support and 1.1645 resistance.


The expected trend for today: Bearish

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