The EURUSD surpasses the first target – Analysis - 19-08-2022
Economies.com
2022-08-19 04:17AM UTC
The EURUSD pair confirmed breaking 1.0100 level after closing the daily candlestick below it, reinforcing the expectations of continuing the domination of the bearish trend, waiting to head towards 1.0000 followed by 0.9950 levels as next main targets.
Therefore, the bearish trend scenario will remain valid and active for the upcoming period, supported by the negative pressure formed by the EMA50, noting that breaching 1.0100 might push the price to start recovery attempts that target testing 1.0200 areas before any new attempt to decline.
The expected trading range for today is between 0.9990 support and 1.0140 resistance.
The expected trend for today: Bearish
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