The EURUSD resumes the decline – Analysis - 23-09-2019
Economies.com
2019-09-23 04:54AM UTC
The EURUSD pair provided negative trades to approach 1.1000 barrier, reinforcing the expectations of continuing the bearish trend inside the bearish channel that appears on the chart, supported by the negative pressure that the EMA50 continues to provide, besides stochastic negativity, waiting to head towards 1.0857 mainly.
We should note that breaching 1.1075 will stop the expected decline and push the price to test 1.1180 areas direct before any new attempt to decline.
The expected trading range for today is between 1.0930 support and 1.1100 resistance.
The expected trend for today: Bearish
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