The EURUSD faces more negative pressure – Analysis - 09-03-2021
Economies.com
2021-03-09 05:24AM UTC
The EURUSD pair continued to decline yesterday to reach 1.1835 level, showing some slight bullish bias by today’s open, affected by stochastic positivity, and it might test 1.1888 level before turning back to decline again.
Until now, the bearish trend scenario still suggested for the upcoming period, which targets 1.1780 as a next station, noting that breaching 1.1888 is considered as the first positive key to start recovery attempts that target 1.1976 initially.
The expected trading range for today is between 1.1760 support and 1.1920 resistance.
The expected trend for today: Bearish
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