Forex

The EURUSD gets negative signals – Analysis - 26-10-2020

2020-10-26 03:51:24 GMT (Economies.com)

The EURUSD pair settles around 1.1840 level, noticing that the price recorded lower high, accompanied by witnessing negative overlapping signal through stochastic, waiting to motivate the price to resume the expected bearish trend on the intraday basis, which targets testing 1.1720 level mainly.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period, taking into consideration that breaching 1.1880 will stop the expected decline and push the price to resume the main bullish trend again.

 

The expected trading range for today is between 1.1750 support and 1.1900 resistance.

 

The expected trend for today: Bearish temporarily

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