The EURUSD presses on the negative pattern’s support line – Analysis - 12-10-2021

2021-10-12 03:33:05 GMT (Economies.com)
 

The EURUSD pair tests the bearish flag’s support line -mentioned yesterday-, waiting to break this support to activate the negative effect of this pattern followed by rallying towards our first waited target at 1.1500, reminding you that breaking this level will extend the bearish wave to reach 1.1420 as a next station.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period conditioned by the price stability below 1.1595.

 

The expected trading range for today is between 1.1480 support and 1.1600 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.0183
-0.0065
0.6362%
1.2077
-0.0173
1.4082%
19.893
-0.402
1.983%
89.174
-4.490
4.794%
94.92
0.80
0.85%
1772.975
2.675
0.151%
 
 
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