The EURUSD gets negative signal - 22-09-2023

Economies.com
2023-09-22 04:16AM UTC

The EURUSD pair begins to provide negative trades now, noticing that stochastic loses the positive momentum clearly and approach to overlap negatively, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which its targets begin by breaking 1.0635 to open the way to rally towards 1.0515.

 

Therefore, we are waiting for more expected decline on the intraday and short term basis, supported by the negative pressure formed by the EMA50, noting that breaching 1.0680 will stop the negative scenario and lead the price to start recovery attempts that target testing 1.0785 areas before any new attempt to decline.

 

Advertistment

The expected trading range for today is between 1.0550 support and 1.0700 resistance.

 

The expected trend for today: Bearish

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