The EURUSD declines strongly – Analysis - 27-01-2022
Economies.com
2022-01-27 05:25AM UTC
The EURUSD pair provided strong negative trades yesterday to approach 1.1200 barrier, which supports the continuation of our bearish overview, and the way is open to achieve our main waited target at 1.1150.
The EMA50 continues to support the suggested bearish wave, organized inside the intraday bearish channel that appears on the chart, noting that breaching 1.1285 will stop the expected decline and lead the price to achieve intraday gains that target testing 1.1375 areas before any new attempt to decline.
The expected trading range for today is between 1.1150 support and 1.1285 resistance.
The expected trend for today: Bearish
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