Evening update analysis for the EURUSD 31-05-2023
Economies.com
2023-05-31 18:08PM UTC
The EURUSD pair succeeded to achieve our waited target at 1.0650 and finds solid support there, to show some bullish bias now and test the bearish channel’s resistance, noting that the consolidation of this resistance (at 1.0680) will push the price to continue the decline and break the mentioned level to rally towards 1.0520 as a next main target, while breaching it will lead the price to achieve intraday gains and test 1.0730 before any new attempt to decline.
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