The EURUSD retests the broken support – Analysis - 13-10-2021

2021-10-13 04:26:32 GMT (Economies.com)
 

The EURUSD pair retests the broken support of the bearish flag pattern that was completed yesterday, keeping its stability below it until now, to keep the negative pressure valid for the upcoming period, supported by the EMA50 that keeps pushing the price downwards, reminding you that our waited targets begin at 1.1500 and extend to 1.1420.

 

Holding below 1.1580 is important to achieve the suggested targets, as breaching it will lead the price to start recovery attempts that target testing 1.1670 areas before any new attempt to decline.

 

The expected trading range for today is between 1.1470 support and 1.1600 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1292
0.0049
0.4339%
1.3338
-0.0068
0.5042%
Tadawul
11299.45
-68.73
0.60%
23.648
-0.839
3.428%
74.176
-1.674
2.207%
77.55
-4.71
5.73%
1808.835
-9.000
0.495%
 
 
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