The EURUSD attempts to break – Analysis - 16-12-2021
Economies.com
2021-12-16 05:23AM UTC
The EURUSD pair attempted to break 1.1255 level but it couldn’t consolidate below it, to show some bullish bias, noticing that stochastic loses its positive momentum to reach the overbought areas, waiting to motivate the price to resume the negative attempts to break the mentioned level and open the way to head towards 1.1150 as a next negative target.
The EMA50 supports the expected decline, noting that breaching 1.1290 will push the price to test 1.1375 areas before any new negative attempt.
The expected trading range for today is between 1.1190 support and 1.1350 resistance.
The expected trend for today: Bearish
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