Midday update for the EURUSD 16-09-2019
Economies.com
2019-09-16 09:07AM UTC
The EURUSD pair shows a bearish bias now, to move away from the bearish channel’s resistance, which supports the continuation of our bearish trend expectations for the rest of the day, targeting 1.0857 level mainly, supported by the negative pressure that comes from the EMA50, pointing that holding below 1.1085 is important for the continuation of the expected decline.
The expected trading range for today is between 1.0960 support and 1.1120 resistance.
The expected trend for today: Bearish
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