The EURUSD continues to decline – Analysis - 23-10-2020
Economies.com
2020-10-23 04:00AM UTC
The EURUSD pair tests the EMA50 that forms intraday support base at 1.1790 now, and the price needs to surpass this level to confirm the continuation of the intraday bearish wave, which targets 1.1720 level as a next main station.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions, taking into consideration that breaching 1.1880 will stop the expected decline and leads the price to resume the main bullish trend again.
The expected trading range for today is between 1.1720 support and 1.1880 resistance.
The expected trend for today: Bearish temporarily
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