The EURUSD touches the first target – Analysis - 02-02-2021
Economies.com
2021-02-02 05:32AM UTC
The EURUSD pair succeeded to touch our first target at 1.2064 and attempts to break it, but it faced solid support there to force the price to rebound bullishly and test a minor resistance formed at 1.2085, affected by stochastic positivity, waiting to get negative motive that supports the chances of bouncing bearishly to break the first level and open the way to extend the bearish wave towards 1.1976.
Therefore, we will keep our bearish overview for the upcoming period that gets continuous support by the EMA50 unless the price rallied to breach 1.2173 level and hold above it.
The expected trading range for today is between 1.2000 support and 1.2150 resistance.
The expected trend for today: Bearish
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