The EURUSD crawls downwards – Analysis - 07-12-2021

2021-12-07 05:37:41 GMT (Economies.com)
 

The EURUSD pair declines calmly, settling below the EMA50 that pushes the price to the downside, waiting to get strong negative motive that assist to push the price to continue the decline and head towards our main expected target at 1.1145.

 

In general, the bearish trend scenario will remain valid and active unless the price rallied to breach 1.1375 and hold above it.

 

The expected trading range for today is between 1.1200 support and 1.1350 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1346
-0.0058
0.5127%
1.3554
-0.0103
0.7569%
Tadawul
12238.77
-35.50
0.29%
24.347
1.336
5.803%
84.900
1.031
1.229%
87.69
-0.69
0.78%
1834.610
14.150
0.777%
 
 
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