The EUR/USD tests the resistance – Analysis – 26/08/2021

eur-usdThe EURUSD pair traded positively yesterday to test the key resistance 1.1780, keeping its stability below it until now, accompanied by witnessing negative signals through stochastic, waiting to motivate the price to resume the expected bearish trend for the upcoming period, which targets 1.1700 followed by 1.1605 levels as main stations.

Note that breaching 1.1780 will put the price out of the main bearish track and lead to turn to rise and achieve positive targets that start at 1.1888.

The expected trading range for today is between 1.1680 support and 1.1820 resistance.

The expected trend for today: Bearish

Origin: Economies

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