The EURUSD within tight track – Analysis - 28-10-2021
Economies.com
2021-10-28 04:10AM UTC
The EURUSD pair continues to fluctuate within sideways and tight track, settling below 1.1615, thus, no change to the bearish trend scenario that targets 1.1525 level as a next main station, noting that the EMA50 forms negative pressure to support the expected decline.
Note that breaching 1.1615 will lead the price to start recovery attempts and head towards testing 1.1670 areas initially.
The expected trading range for today is between 1.1525 support and 1.1650 resistance.
The expected trend for today: Bearish
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