The EURUSD rebounds bearishly – Analysis - 17-01-2020
Economies.com
2020-01-17 05:34AM UTC
The EURUSD pair bounced bearishly after approaching 1.1180 level yesterday, to keep the bearish trend valid for the upcoming period, waiting to visit 1.1065 that represents the bullish channel’s support line that appears on the chart.
We should note that breaking the mentioned support will extend the bearish wave to target 1.0980 as a next negative station, while breaching 1.1180 represents the key to regain the main bullish trend.
The expected trading range for today is between 1.1060 support and 1.1200 resistance.
The expected trend for today: Bearish
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