The EURUSD hits the target - 15-09-2023

Economies.com
1 week ago

The EURUSD pair settles at our waited target at 1.0635 after the strong decline that it witnessed yesterday, and it shows some sideways fluctuation before attempting to decline again, affected by stochastic positivity, waiting to get negative motive that assist to push the price to break the mentioned level and open the way to head towards 1.0515 as a next main target.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period, which moves organized inside the bearish channel that appears on the chart, supported by the negative pressure formed by the EMA50, noting that failing to break 1.0635 will push the price to build intraday bullish wave that targets testing 1.0735 areas initially.

 

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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