Midday update for the EURUSD 25-09-2020
Economies.com
2020-09-25 09:15AM UTC
The EURUSD pair resumes its negative trading now in attempt to press on the bearish correctional channel’s support, noticing that stochastic begins to overlap negatively now, which supports the continuation of our bearish trend expectations for the rest of the day, reminding you that our next main target is located at 1.1540, while holding below 1.1720 represents an important condition for the continuation of the expected decline.
The expected trading range for today is between 1.1560 support and 1.1740 resistance.
The expected trend for today: Bearish
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