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Midday update for the EURUSD 01-05-2023
The EURUSD pair shows calm negative trades to move below the EMA50, reinforcing the expectations of continuing the bearish trend for the rest of the day, reminding you that our waited target is located at 1.0945.
Consolidating below 1.1025 is important to continue the expected decline, as breaching it will push the price back to the bullish channel and stop the current bearish correction.
The expected trading range for today is between 1.0910 support and 1.1075 resistance.
The expected trend for today: Bearish
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