Midday update for the EURUSD 01-06-2023
Economies.com
2023-06-01 09:40AM UTC
The EURUSD pair shows sideways trades since morning, settling around 1.0690 level, noticing that stochastic reaches the overbought areas, waiting to motivate the price to resume the expected bearish wave for today, which its targets start at 1.0650 and extend to 1.0520 after breaking the previous level.
The EMA50 continues to support the expected decline, which will remain valid conditioned by the price stability below 1.0730.
The expected trading range for today is between 1.0590 support and 1.0750 resistance.
The expected trend for today: Bearish
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