The EURUSD breaks the support - 21-09-2023
Economies.com
2023-09-21 03:45AM UTC
The EURUSD pair bounced downwards strongly after the rise that it witnessed on yesterday’s evening, and begins today with additional decline to succeed breaking 1.0635 level and holding below it, opening the way to continue the main bearish trend and head towards the next negative target that reaches 1.0515.
Therefore, we expect to witness more bearish bias in the upcoming sessions, supported by the EMA50, taking into consideration that breaching 1.0635 followed by 1.0685 levels will stop the expected decline and lead the price to turn to rise.
The expected trading range for today is between 1.0530 support and 1.0685 resistance.
The expected trend for today: Bearish
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