The EURUSD achieves some gains – Analysis - 09-12-2021
Economies.com
2021-12-09 05:11AM UTC
The EURUSD pair begins today with bearish bias after the bullish rally that it witnessed yesterday, motivated by stochastic negativity that appears clearly on the four hours’ time frame, to keep the overall negative scenario valid and active for the upcoming period, depending on the price stability below 1.1375, waiting to head towards 1.1145 that represents our next main target.
Note that breaking 1.1300 will ease the mission of continuing the expected decline, while breaching 1.1375 represents the key to rally to achieve additional rise that targets 1.1560 as a next positive station.
The expected trading range for today is between 1.1250 support and 1.1390 resistance.
The expected trend for today: Overall bearish
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