The EURUSD loses momentum – Analysis - 24-09-2021

2021-09-24 04:09:03 GMT (Economies.com)
 

The EURUSD pair’s rise stopped at the EMA50 that formed good resistance against the price, accompanied by stochastic loss to the positive momentum clearly, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which targets 1.1605 mainly.

 

On the other hand, we should note that breaching 1.1780 will stop the expected decline and lead the price to turn to rise.

 

The expected trading range for today is between 1.1650 support and 1.1790 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1621
0.0010
0.0818%
1.3771
0.0032
0.2300%
Tadawul
11861.19
15.26
0.13%
24.425
1.112
4.770%
84.661
1.315
1.578%
86.21
0.66
0.77%
1801.425
31.685
1.790%
 
 
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