Midday update for the EURUSD 05-06-2023
Economies.com
3 months ago
The EURUSD pair shows slight bearish bias since morning, to move below 1.0700 barrier, reinforcing the expectations of continuing the bearish trend for the rest of the day, which targets testing 1.0650 initially, reminding you that breaking it will push the price to 1.0520 as a next negative station.
Therefore, we are waiting for more decline in the upcoming sessions, taking into consideration that the continuation of the bearish wave requires holding below 1.0730.
The expected trading range for today is between 1.0610 support and 1.0760 resistance.
The expected trend for today: Bearish
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