The EURUSD begins with new negativity – Analysis - 04-02-2021
Economies.com
2021-02-04 05:53AM UTC
The EURUSD pair begins today with new decline to approach 1.2000 barrier again, which supports the continuation of our bearish overview, and the way is open to achieve our next waited target at 1.1976, noting that the price faces continuous negative pressure that supports the chances of breaking the mentioned level and extend the correctional bearish wave to target 1.1888 areas as a next main station.
Therefore, we expect witnessing more decline in the upcoming sessions unless breaching 1.2064 followed by 1.2115 levels and holding above them.
The expected trading range for today is between 1.1930 support and 1.2080 resistance.
The expected trend for today: Bearish
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