The EURUSD presses on the support – Analysis - 22-12-2021

Economies.com
2021-12-22 05:35AM UTC

The EURUSD pair fluctuates around the support line that appears on the chart and attempts to break it, reinforcing the expectations of continuing the bearish trend, on its way to achieve negative targets that reach at 1.1150.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period, supported by the negative pressure formed by the EMA50, noting that holding below 1.1290 represents the first condition to continue the expected decline, as breaching it will lead the price to achieve intraday gains that reach 1.1375 before any new attempt to decline.

 

The expected trading range for today is between 1.1180 support and 1.1340 resistance.

 

The expected trend for today: Bearish

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