The EURUSD activates the negative scenario – Analysis - 17-09-2020
Economies.com
2020-09-17 03:42AM UTC
The EURUSD pair confirmed breaking 1.1840 level and rallies bearishly to head towards our expected negative target at 1.1720, to activate the bearish correction scenario on the intraday basis, noting that we need to monitor the price behavior when reaching the mentioned level, as breaking it will cause more decline and open the way to head towards 1.1540 as a next correctional station.
Therefore, the bearish bias will be expected for today, taking into consideration that breaching 1.1840 will lead the price to start recovery attempts and regain the main bullish trend again.
The expected trading range for today is between 1.1680 support and 1.1840 resistance.
The expected trend for today: Bearish
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