The EURUSD faces solid support – Analysis - 28-09-2020
Economies.com
2020-09-28 03:55AM UTC
The EURUSD pair fluctuates around the intraday bearish channel’s support line, noticing that stochastic shows positive signals that might push the price to achieve some temporary bullish bias, while the EMA50 keeps pressing negatively on the price, to support the continuation of the recently suggested bearish trend, which targets 1.1540 level mainly.
Therefore, our bearish overview will remain valid for the upcoming period, taking into consideration that breaching 1.1720 will stop the expected decline and leads the price to start recovery attempts that its targets begin by testing 1.1800 areas.
The expected trading range for today is between 1.1540 support and 1.1700 resistance.
The expected trend for today: Bearish
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