Midday update for the EURUSD 04-01-2022
Economies.com
2022-01-04 10:46AM UTC
The EURUSD pair settles below 1.1310 level, to keep the negative pressure valid for today, supported by moving below the EMA50, waiting to break 1.1280 to confirm the continuation of the decline towards 1.1150 as a next negative station, reminding you that the continuation of the bearish wave requires holding below 1.1310 and the most important below 1.1375.
The expected trading range for today is between 1.1220 support and 1.1380 resistance.
The expected trend for today: Bearish
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