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Midday update for the EURUSD 02-05-2023
The EURUSD pair shows more bearish bias to achieve our waited target at 1.0945, and we suggest the continuation of the negative pressure to break this level and open the way to achieve more bearish correction that its next target reaches 1.0860.
Therefore, the bearish trend will remain dominant in the upcoming sessions, taking into consideration that the consolidation of 1.0945 level against the current negative pressure will push the price to start bullish wave and attempt to recover on the intraday basis.
The expected trading range for today is between 1.0900 support and 1.1040 resistance.
The expected trend for today: Bearish
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