The EURUSD confirms the break – Analysis - 24-03-2021

Economies.com
2021-03-24 05:11AM UTC

The EURUSD pair confirmed breaking 1.1888 level after closing the daily candlestick below it, to reinforce the expectations of continuing the bearish trend, reminding you that our next target is located at 1.1780, noticing that the EMA50 continues to press negatively on the price to support the chances of continuing the decline in the upcoming sessions.

 

On the other hand, we should note that breaching 1.1888 will push the price to start recovery attempts that target testing the key resistance 1.1976 initially before determining the next destination clearly.

 

The expected trading range for today is between 1.1770 support and 1.1900 resistance.

 

The expected trend for today: Bearish

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