Midday update for the EURUSD 05-12-2023

Economies.com
2023-12-05 10:35AM UTC

The EURUSD pair resumes its negtaive trading in attempt to move away from 1.0860 level, rienforcing the expectations for the bearish trend expectations in the upcoming sessions, reminding you thta we are waiting for visiting 1.0760 level as a next main target.

 

holding below 1.0860 level represents a main condition for the continuation of the expected decline, while breaking the targeted level will extend the bearish wave to reach 1.0645 on the near term basis.

 

The expected trading range for today is between 1.0750 support and 1.0900 resistance.

 

The expected trend for today: Bearish

 

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