The EURUSD is stable at the resistance – Analysis - 16-09-2019

2019-09-16 04:54:01 GMT (Economies.com)
 

The EURUSD pair keeps fluctuating near the bearish channel’s resistance and keeps its stability below this level, noticing that the EMA50 meets this resistance to strengthen it, while stochastic moves at the overbought levels.

 

Therefore, we believe that the chances are available for trading negatively in the upcoming sessions, waiting for heading to 1.0857 as a next main station, reminding you that surpassing the current resistance will push the price to test 1.1180 level before any new attempt to decline.

 

The expected trading range for today is between 1.0960 support and 1.1120 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1058
-0.0004
0.0344%
1.3150
0.0013
0.0963%
Tadawul
8120.01
21.27
0.26%
16.602
0.030
0.180%
59.095
-0.015
0.025%
64.17
-0.22
0.34%
1460.500
0.655
0.045%
 
 
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