The EURUSD reaches the first target – Analysis - 15-12-2021
Economies.com
2021-12-15 05:12AM UTC
The EURUSD pair managed to reach our first waited target at the support line that appears on the chart and settles there, waiting to get negative motive that assist to push the price to break this level and open the way to extend the bearish wave towards 1.1150.
The EMA50 continues to press negatively on the price to support the continuation of the suggested negative scenario, taking into consideration that failing to break 1.1255 might push the price to test 1.1375 areas before any new attempt to decline.
The expected trading range for today is between 1.1170 support and 1.1320 resistance.
The expected trend for today: Bearish
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