The EURUSD keeps its negative stability – Analysis - 01-02-2021
Economies.com
2021-02-01 05:01AM UTC
The EURUSD pair settles below the correctional bearish channel’s resistance, and the EMA50 forms continuous negative pressure against the price, while stochastic provides negative signals now.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which its targets begin at 1.2064 and extend to 1.1976 on the near term basis, reminding you that it is important to hold below 1.2173 to achieve the suggested targets.
The expected trading range for today is between 1.2050 support and 1.2220 resistance.
The expected trend for today: Bearish
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