The EURUSD below the moving average – Analysis - 09-09-2021

Economies.com
2021-09-09 03:51AM UTC

The EURUSD pair settles below the EMA50, which forms negative pressure against the price, to support the continuation of our bearish overview, which targets testing 1.1780 mainly.

 

We remind you that breaking the mentioned level will extend the bearish wave to reach 1.1700 as a next negative station, while breaching 1.1888 will stop the expected decline and lead the price to resume the bullish wave that its next target located at 1.1975.

 

The expected trading range for today is between 1.1740 support and 1.1890 resistance.

 

The expected trend for today: Bearish

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