The EURUSD breaks the support – Analysis - 26-10-2021

2021-10-26 04:16:07 GMT (Economies.com)
 

The EURUSD pair faced strong negative pressure yesterday to break 1.1615 and close the daily candlestick below it, which stops the recently suggested positive scenario and leads the price to resume the main bearish trend, on its way to achieve negative targets that start by testing the recently recorded low at 1.1525.

 

Therefore, the bearish bias will be suggested for today unless the price managed to breach 1.1615 and hold above it again.

 

The expected trading range for today is between 1.1525 support and 1.1650 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1346
-0.0058
0.5127%
1.3554
-0.0103
0.7569%
Tadawul
12238.77
-35.50
0.29%
24.347
1.336
5.803%
84.900
1.031
1.229%
87.69
-0.69
0.78%
1834.610
14.150
0.777%
 
 
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