The EURUSD approaches the target – Analysis - 25-03-2021
Economies.com
2021-03-25 05:16AM UTC
The EURUSD pair continued to decline yesterday to approach our waited target at 1.1780, falling under continuous negative pressure formed by the EMA50, which support the chances of breaking the mentioned level to head towards 1.1700 that represents the next negative target.
Therefore, we expect the continuation of the bearish bias domination in the upcoming sessions, taking into consideration that breaching 1.1888 is considered as an initial key to turn to rise and regain the main bullish trend again.
The expected trading range for today is between 1.1730 support and 1.1880 resistance.
The expected trend for today: Bearish
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