The EURUSD faces solid resistance – Analysis - 12-08-2022
Economies.com
2022-08-12 04:09AM UTC
The EURUSD pair tested 1.0355 resistance again and it couldn’t manage to breach it, to head towards starting expected bearish wave in the upcoming period, and the targets start by breaking 1.0278 and confirm opening the way to head towards 1.0200 followed by 1.0100 levels.
Therefore, the bearish bias will be suggested for today, taking into consideration that breaching 1.0355 will stop the negative scenario and lead the price to achieve new gains.
The expected trading range for today is between 1.0220 support and 1.0360 resistance.
The expected trend for today: Bearish
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