The EURUSD under the negative pressure – Analysis - 14-06-2021
Economies.com
2021-06-14 04:40AM UTC
The EURUSD pair declined strongly in the previous sessions and settles below 1.2100 level now, to confirm the continuation of the expected negative pressure, which targets 1.2064 level initially, noting that surpassing this level will extend the bearish wave to reach 1.1976 as a next station.
Therefore, we expect witnessing more decline on the intraday and short term basis, taking into consideration that breaching 1.2175 will stop the negative scenario and lead the price to recover.
The expected trading range for today is between 1.2020 support and 1.2175 resistance.
The expected trend for today: Bearish
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