Midday update for the EURUSD 20-09-2023

Economies.com
2023-09-20 09:07AM UTC

The EURUSD pair returns to test the main bearish channel’s resistance, affected by stochastic positivity, while the EMA50 continues to press negatively on the price.

 

Therefore, the bearish trend scenario will remain valid for today, waiting to get negative motive that assist to push the price to achieve our targets that start at 1.0635 and extend to 1.0515, reminding you that the continuation of the bearish wave depends on the price stability below 1.0705.

 

The expected trading range for today is between 1.0590 support and 1.0740 resistance.

 

The expected trend for today: Bearish

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