Midday update for the EURUSD 19-09-2023
Economies.com
3 days ago
The EURUSD pair shows new positive trades to test the bearish channel’s resistance that appears on the chart, and the price needs to consolidate below this resistance to keep the bearish trend scenario active for today, supported by the EMA50 that meets the resistance line located at 1.0710, waiting to visit 1.0635 initially, reminding you that breaking it will push the price to 1.0515 as a next target.
We remind you that breaching 1.0710 will push the price to recover and head towards 1.0785 areas initially.
The expected trading range for today is between 1.0595 support and 1.0740 resistance.
The expected trend for today: Bearish
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