The EURUSD loses momentum – Analysis - 22-07-2021
Economies.com
2021-07-22 04:12AM UTC
The EURUSD pair fluctuates around the bearish channel’s resistance, noticing that the EMA50 continues to press negatively on the price, while stochastic loses its positive momentum clearly to reach the overbought areas.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which its targets begin by breaking 1.1780 to open the way to head towards 1.1700, noting that it is important to hold below 1.1805 to continue the expected decline.
The expected trading range for today is between 1.1700 support and 1.1850 resistance.
The expected trend for today: Bearish
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