The EURUSD resumes the decline – Analysis - 28-09-2022

Economies.com
2022-09-28 04:13AM UTC

The EURUSD pair declined strongly to reach the recently recorded low at 0.9550, showing more bearish bias by today’s open to support the chances of continuing the bearish trend on the intraday and short term basis, noting that our next target declines to 0.9490.

 

Therefore, we are waiting for more expected decline in the upcoming sessions, supported by the continuous negative pressure coming by the EMA50, reminding you that it is important to hold below 0.9700 to continue the bearish trend.

 

Advertistment

The expected trading range for today is between 0.9460 support and 0.9620 resistance.

 

The expected trend for today: Bearish

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