The EURUSD attempts to recover – Analysis - 03-03-2021
Economies.com
2021-03-03 05:09AM UTC
The EURUSD pair’s bullish rally stopped below 1.2100 level, as the EMA50 formed good resistance barrier against the price, accompanied by stochastic loss to the positive momentum and witnessing clear overbought signals, which form negative factors that we expect to push the price to decline today.
Therefore, the bearish trend will be suggested for the upcoming sessions unless the price continued to rise to breach 1.2100 and hold above it, noting that the expected targets begin by breaking 1.2064 to open the way to head towards 1.1976.
The expected trading range for today is between 1.2000 support and 1.2150 resistance.
The expected trend for today: Bearish
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