The EURUSD resumes the decline– Analysis - 02-07-2021
Economies.com
2021-07-02 04:06AM UTC
The EURUSD pair bounced bearishly after the rise that it witnessed yesterday, as it approached 1.1888 level, to resume the bearish trend that its next target located at 1.1780, organized inside the bearish channel that appears on the chart.
The EMA50 continues to support the expected decline, as it forms continuous negative pressure against the price, reminding you that it is important to hold below 1.1888 to continue the suggested bearish trend.
The expected trading range for today is between 1.1740 support and 1.1920 resistance.
The expected trend for today: Bearish
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