The EURUSD returns to decline – Analysis - 18-04-2022
1 year ago

The EURUSD pair ended yesterday below the bearish channel’s resistance that appears on the chart, which puts the price under the negative pressure again, targeting breaking 1.0775 to extend the bearish wave towards 1.0700 as a next station.


Therefore, we expect to witness new negative trades in the upcoming sessions supported by the negative pressure formed by the EMA50, noting that breaching 1.0830 and holding above it will stop the expected decline and lead the price to start new recovery attempts.



The expected trading range for today is between 1.0740 support and 1.0890 resistance.


The expected trend for today: Bearish

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