The EURUSD begins negatively – Analysis - 12-03-2021
Economies.com
2021-03-12 05:16AM UTC
The EURUSD pair opens today negatively to break 1.1976 and attempts to hold below it, which hints the price head to decline in the upcoming sessions, on its way to visit 1.1888 initially, especially that stochastic shows clear overbought signals now.
Therefore, the bearish bias will remain suggested for today, taking into consideration that breaching 1.1976 and holding above it will reactivate the bullish trend scenario that targets 1.2064 as a next positive station.
The expected trading range for today is between 1.1860 support and 1.2020 resistance.
The expected trend for today: Bearish
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