The EURUSD continues to fluctuate – Analysis - 16-06-2021
Economies.com
2021-06-16 04:30AM UTC
The EURUSD pair achieved slight gains yesterday, fluctuating within sideways track now, noting that the EMA50 continues to press negatively on the price, to continue suggesting the bearish trend for the upcoming period, which targets 1.2064 initially.
Therefore, the negative scenario will remain valid conditioned by the price stability below 1.2175, reminding you that breaking the targeted level will extend the bearish wave to reach 1.1976 as a next station.
The expected trading range for today is between 1.2040 support and 1.2190 resistance.
The expected trend for today: Bearish
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