The EURUSD resumes the decline – Analysis - 17-09-2019

2019-09-17 05:05:40 GMT (Economies.com)
 

The EURUSD pair settles around 1.1000 level after the decline that it witnessed yesterday, and the EMA50 continues to press negatively on the price, while stochastic shows negative signals on the daily time frame.

 

Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming period, which its next target located at 1.0857, noting that holding below 1.1080 represents the first condition to continue the expected decline.

 

The expected trading range for today is between 1.0910 support and 1.1080 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1078
0.0026
0.2371%
1.2923
-0.0005
0.0394%
Tadawul
8045.32
44.99
0.56%
17.148
0.194
1.143%
55.401
-2.394
4.143%
60.91
-1.53
2.45%
1473.305
5.325
0.363%
 
 
Live Forex Updates