The EURUSD awaits the break - 25-09-2023
Economies.com
2023-09-25 02:53AM UTC
The EURUSD pair settles near the key support 1.0635, and we still waiting to break this level to confirm the continuation of the bearish wave and head towards our next station that reaches 1.0515.
Stochastic provides negative signals that support the chances of achieving the required break, besides the negative pressure formed by the EMA50, noting that breaching 1.0680 will stop the negative scenario and lead the price to start recovery attempts that target testing 1.0785 areas before any new attempt to decline.
The expected trading range for today is between 1.0560 support and 1.0700 resistance.
The expected trend for today: Bearish
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