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The EURUSD suffers more losses – Analysis - 18-06-2021
The EURUSD pair’s decline stopped near 1.1888 level, to show some slight bullish bias now, and it might test 1.1976 before turning back to decline again.
Therefore, we expect the continuation of the bearish trend domination on the intraday basis, and breaking 1.1888 will push the price to 1.1780 direct, while breaching 1.1976 will lead the price to start recovery attempts and regain the main bullish trend again.
The expected trading range for today is between 1.1830 support and 1.2000 resistance.
The expected trend for today: Bearish
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MoreEnd of day analysis for the EURUSD 17-06-2021
The EURUSD pair reached few pips away from our extended target at 1.1888, showing bullish bias that hints a potential bullish rebound, and it might head to test 1.1976 initially, which urges caution from the upcoming trading, and we need to monitor the price according to the mentioned levels to confirm the next destination clearly.
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