The EURUSD achieves temporary gains – Analysis - 29-09-2022
Economies.com
2022-09-29 04:11AM UTC
The EURUSD pair ended yesterday above 0.9700 level, but it begins today with clear negativity to break this support and settles below it again, as the EMA50 formed negative pressure that forced the price to decline again, besides witnessing clear negative signals through stochastic, to reactivate the main bearish trend scenario again.
Therefore, these factors encourage us to suggest the bearish bias in the upcoming sessions, on its way to visit 0.9550 level initially, noting that it is important to hold below 0.9700 to continue the expected decline.
The expected trading range for today is between 0.9580 support and 0.9750 resistance.
The expected trend for today: Bearish
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