The EURUSD returns to test the support – Analysis - 22-10-2021

2021-10-22 00:02:23 GMT (Economies.com)
 

The EURUSD pair trades at the key support 1.1615 and still above it until now, as the EMA50 meets this level to add more strength to it, while stochastic shows oversold signals now.

 

Therefore, we believe that the chances valid to resume the bullish trend that its targets begin by breaching 1.1670 to open the way to head towards 1.1760, noting that breaking 1.1615 will press on the price to turn to recline and visit 1.1525 level on the near term basis.

 

The expected trading range for today is between 1.1550 support and 1.1710 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
0.9802
0.0147
1.5193%
1.1165
0.0345
3.1856%
19.049
0.190
1.008%
80.050
0.756
0.953%
87.96
-0.53
0.60%
1664.495
19.135
1.163%
 
 
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