The EURUSD attempts to recover – Analysis - 29-09-2020
Economies.com
2020-09-29 03:45AM UTC
The EURUSD pair settles around 1.1670 level after the calm rise that it witnessed yesterday, noting that stochastic reaches the overbought areas, while the EMA50 keeps pressing negatively on the price.
Therefore, our bearish overview will remain valid on the intraday basis, which its next main target located at 1.1540, noting that breaching 1.1720 will stop the expected decline and push the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 1.1580 support and 1.1720 resistance.
The expected trend for today: Bearish
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