The EURUSD approaches the target – Analysis - 04-07-2022
Economies.com
2022-07-04 03:55AM UTC
The EURUSD pair traded with clear negativity in the previous sessions to approach our main waited target at 1.0355, and returns to rise to achieve slight gains now, affected by stochastic positivity, while the EMA50 keeps pressing negatively on the price.
Therefore, we will continue to suggest the bearish trend for the upcoming period, noting that breaking the targeted level will extend the bearish wave to reach 1.0250 areas as a next main station, while the expected decline will remain valid unless the price rallied to breach 1.0550 and hold above it.
The expected trading range for today is between 1.0340 support and 1.0500 resistance.
The expected trend for today: Bearish
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