Forex

Midday update for the EURUSD 18-09-2020

2020-09-18 09:27:11 GMT (Economies.com)

The EURUSD pair fluctuates at the intraday bearish channel’s resistance, noticing that stochastic shows clear negative signals on the four hours’ time frame, waiting to motivate the price to resume the expected bearish trend for today, which targets 1.1720 level mainly.

 

Therefore, we will keep our bearish overview unless the price rallied to breach 1.1870 followed by 1.1910 levels and hold above them.

 

The expected trading range for today is between 1.1750 support and 1.1910 resistance.

 

The expected trend for today: Bearish

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