The EURUSD loses momentum – Analysis - 10-09-2021
Economies.com
2021-09-10 04:35AM UTC
The EURUSD pair hovers around the EMA50 that forms good intraday resistance against the price, noticing that stochastic loses its momentum clearly, to support the chances of resuming the negative trades in the upcoming sessions, waiting to test 1.1780 mainly.
Therefore, we will continue to suggest the bearish trend for the upcoming period, which its targets extend to 1.1700 after breaking the previous level, noting that holding below 1.1888 is important to continue the expected decline.
The expected trading range for today is between 1.1740 support and 1.1890 resistance.
The expected trend for today: Bearish
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