The EURUSD collapses – Analysis - 26-09-2022

2022-09-26 04:06:04 GMT (Economies.com)
 

The EURUSD pair opened today with sharp decline to suffer big losses and reach 0.9550, affected the Italian elections after the right party win, to fall under more expected negative pressure and head towards achieving additional negative targets that might reach 0.9510.

 

The price moves around 0.9650 level now, and it is important to consider that breaching 0.9700 will push the price to start correctional bullish wave and recover to achieve gains that start at 0.9790 and might extend to 0.9865.

 

The expected trading range for today is between 0.9550 support and 0.9730 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.0510
-0.0080
0.7598%
1.2206
-0.0100
0.8092%
22.372
-0.785
3.392%
75.710
-5.765
7.076%
81.47
-1.01
1.22%
1777.095
-18.465
1.028%
 
 
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