Midday update for the EURUSD 06-05-2022
Economies.com
2022-05-06 09:34AM UTC
The EURUSD pair started the first attempt to break 1.0515 level, to support the continuation of the expected bearish trend scenario for today, which targets 1.0450 followed by 1.0400 levels as next main stations, noting that the EMA50 reinforces the suggested negative scenario, which will remain valid conditioned by the price stability below 1.0580.
The expected trading range for today is between 1.0450 support and 1.0600 resistance.
The expected trend for today: Bearish
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