The EURUSD attempts to recover - 19-09-2023

Economies.com
2023-09-19 03:52AM UTC

The EURUSD pair traded positively yesterday to attack 1.0685 level, but we notice that the price returns to decline calmly, waiting to activate the activation of the negative overlapping signal provided by stochastic now to support the chances of resuming the main bearish trend, which gets continuous support by the EMA50, noting that the expected targets begin by breaking 1.0635 to confirm extending the bearish wave towards 1.0515.

 

On the other hand, we should note that breaching 1.0715 will stop the expected bearish trend and lead the price to exit the bearish channel to turn to rise.

 

The expected trading range for today is between 1.0595 support and 1.0740 resistance.

 

The expected trend for today: Bearish

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