Midday update for the EURUSD 21-09-2022

The EURUSD pair traded with strong negativity affected by the new political tensions after Putin’s decision to mobilize more troops, which pushed the pair to touch our first negative target at 0.9900, and we expect the continuation of the bearish bias in the upcoming sessions to achieve new negative levels that reach 0.9850 followed by 0.9800, reminding you that the continuation of the bearish wave depends on the price stability below 1.0020.

We remind you that we are waiting the FOMC rate decision tonight, which might cause more volatility to the major currencies pairs.

The expected trading range for today is between 0.9800 support and 1.0020 resistance.

The expected trend for today: Bearish