The EURUSD is stable – Analysis - 26-07-2021

Economies.com
2021-07-26 03:49AM UTC

The EURUSD pair keeps its stability below 1.1780, to keep the negative pressure valid, supported by the EMA50, waiting to resume the negative trades that target 1.1700 as a next main station.

 

Note that breaching 1.1780 – 1.1795 levels will stop the expected decline and lead the price to start recovery attempts and head towards testing 1.1888 areas initially.

 

The expected trading range for today is between 1.1690 support and 1.1830 resistance.

 

The expected trend for today: Bearish

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