The EURUSD confirms the break – Analysis - 23-09-2020
Economies.com
2020-09-23 03:35AM UTC
The EURUSD pair managed to confirm breaking 1.1720 level after closing the daily candlestick below it, to reinforce the expectations of continuing the correctional bearish trend, supported by the EMA50 that presses negatively on the price, waiting to head towards the next correctional target that reaches 1.1540.
Therefore, the bearish bias will remain dominant in the upcoming sessions, noting that breaching 1.1720 and holding above it will lead the price to start recovery attempts and regain the main bullish trend.
The expected trading range for today is between 1.1580 support and 1.1750 resistance.
The expected trend for today: Bearish
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