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Midday update for the EURUSD 02-08-2022
The EURUSD pair shows clear negative trades after facing solid resistance at 1.0278, to test 1.0200 level, which urges caution from the upcoming trading, as continuing the decline and breaking this level will push the price to achieve additional decline that reaches 1.0100 before any new attempt to rise, while the price needs to breach 1.0278 to confirm rallying towards 1.0355 as a next positive target.
The expected trading range for today is between 1.0170 support and 1.0300 resistance.
The expected trend for today: Bullish
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