The EURUSD begins with new negativity – Analysis - 08-03-2021
Economies.com
2021-03-08 05:02AM UTC
The EURUSD pair opens today with new decline to hint new attack on 1.1888 level, which support the continuation of the bearish trend scenario on the intraday and short-term basis, noting that confirming the break will extend the bearish wave to reach 1.1780 as a next target.
The EMA50 continues to press negatively on the price, to keep the bearish trend dominant in the upcoming sessions unless the price rallied to breach 1.1976 and hold above it.
The expected trading range for today is between 1.1800 support and 1.1976 resistance.
The expected trend for today: Bearish
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