The EURUSD loses momentum – Analysis - 25-09-2020
Economies.com
2020-09-25 04:01AM UTC
The EURUSD pair provided slight positive trades after testing the correctional bearish channel’s resistance, noticing that stochastic lost its positive momentum clearly to reach the overbought areas, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which targets 1.1540 level mainly.
Therefore, our bearish overview will remain valid and active, supported by the negative pressure formed by the EMA50, reminding you that the continuation of the expected decline depends on the price stability below 1.1720.
The expected trading range for today is between 1.1560 support and 1.1740 resistance.
The expected trend for today: Bearish
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