The EURUSD awaits more decline – Analysis - 27-09-2022
Economies.com
2022-09-27 04:11AM UTC
The EURUSD pair settles around 0.9630 level now, waiting to resume the main bearish wave to head towards 0.9510 that represents our next negative target, supported by the negative pressure formed by the EMA50.
In general, the bearish trend scenario will remain valid as long as 0.9700 level remains intact, as breaching this level will push the price to achieve bullish correction that its targets begin by testing 0.9790 areas.
The expected trading range for today is between 0.9540 support and 0.9700 resistance.
The expected trend for today: Bearish
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