The EURUSD faces strong negative pressure – Analysis - 26-02-2021
Economies.com
2021-02-26 04:55AM UTC
The EURUSD pair ended yesterday with strong negativity to break 1.2173 level and settles below it, starting today with new bearish bias in attempt to move away from the mentioned level, which hints the price head to decline in the upcoming sessions, on its way to visit 1.2064 mainly.
Therefore, the bearish bias will be expected for today, and breaking 1.2135 will ease the mission of achieving the mentioned negative target, taking into consideration that breaching 1.2173 and holding above it will stop the negative scenario and lead the price to resume the main bullish trend again.
The expected trading range for today is between 1.2064 support and 1.2240 resistance.
The expected trend for today: Bearish
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