Midday update for the EURUSD 05-12-2022

The EURUSD pair is affected by the negative momentum to show some slight bearish bias, but as long as the price is above 1.0515, our bullish overview will remain valid for today, supported by the EMA50 that carries the price from below, reminding you that our waited targets begin at 1.0600 and extend to 1.0750 after surpassing the previous level.

The expected trading range for today is between 1.0500 support and 1.0680 resistance.

The expected trend for today: Bullish