Midday update for the EURUSD 05-07-2022
Economies.com
2022-07-05 09:47AM UTC
The EURUSD pair traded with strong negativity to break the bearish pennant’s support line and surpasses our waited negative target at 1.0355 to confirm the extension of the bearish wave on the intraday and short term basis, opening the way to head towards our next target at 1.0250, to keep the bearish trend scenario dominant in the upcoming period conditioned by the price stability below 1.0410.
The expected trading range for today is between 1.0250 support and 1.0360 resistance.
The expected trend for today: Bearish
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