The euro is waiting for a further decline
The euro versus the dollar pair ended last Friday's trading below 1.0865, to add more confirmation of the continuation of the dominance of the bearish correction
, paving the way for heading towards 1.0795 as the next main target.
The moving average 50 forms a continuous negative pressure in front of the price to support the continuation of the expected bearish tendency,
while it may witness some sideways fluctuation with the positive effect of the stochastic indicator,
waiting for a negative motive that contributes to pushing the price to achieve the expected target.
Therefore, we continue to suggest the bearish trend for the coming period
, noting that breaching 1.0865 then 1.0880 will stop the bearish wave and lead the price to try to restore the main bullish trend again.
The expected trading range for today is between the
support 1.0770
resistance 1.0920
The expected general tendency for today: is bearish
, paving the way for heading towards 1.0795 as the next main target.
The moving average 50 forms a continuous negative pressure in front of the price to support the continuation of the expected bearish tendency,
while it may witness some sideways fluctuation with the positive effect of the stochastic indicator,
waiting for a negative motive that contributes to pushing the price to achieve the expected target.
Therefore, we continue to suggest the bearish trend for the coming period
, noting that breaching 1.0865 then 1.0880 will stop the bearish wave and lead the price to try to restore the main bullish trend again.
The expected trading range for today is between the
support 1.0770
resistance 1.0920
The expected general tendency for today: is bearish
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