Forex

The EURUSD within tight track – Analysis - 21-09-2020

2020-09-21 03:55:23 GMT (Economies.com)

The EURUSD pair shows sideway and tight trades since last Friday, to continue fluctuating around the intraday bearish channel’s resistance, thus, no change to the bearish trend scenario that depends on the price stability below 1.1900, waiting to head towards 1.1720 that represents our next main target.

 

We should note that breaching 1.1900 and holding above it will stop the negative scenario and brings the price back to the main bullish channel again.

 

The expected trading range for today is between 1.1760 support and 1.1930 resistance.

 

The expected trend for today: Bearish

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