The EURUSD attempts to recover – Analysis - 15-06-2021
Economies.com
2021-06-15 03:55AM UTC
The EURUSD pair shows slight positive trades to move above 1.2100 level, noticing that stochastic provides negative signals now, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which targets 1.2064 level initially, noting that surpassing this level will extend the bearish wave to reach 1.1976.
On the other hand, we should note that breaching 1.2175 and holding above it will stop the suggested negative scenario and push the price to regain the main bullish trend again.
The expected trading range for today is between 1.2030 support and 1.2190 resistance.
The expected trend for today: Bearish
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