The EURUSD under the negative pressure – Analysis - 17-02-2021
Economies.com
2021-02-17 05:00AM UTC
The EURUSD pair shows more bearish bias to surpass the EMA50 and heads towards testing the key support 1.2064, accompanied by stochastic entering the oversold areas, waiting to motivate the price to resume the expected bullish trend on the intraday and short-term basis, which targets 1.2173 initially.
Until now, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 1.2064, as breaking it will press on the price to return to the correctional bearish track that its next target located at 1.1976.
The expected trading range for today is between 1.2020 support and 1.2180 resistance.
The expected trend for today: Bullish
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