Midday update for the EURUSD 07-06-2023

Economies.com
2023-06-07 09:12AM UTC

The EURUSD pair resumes its negative trading to test the intraday bullish trend line that appears on the chart, waiting for more decline to test 1.0650 as a first station, reminding you that breaking it will extend the bearish wave to reach 1.0520.

 

In general, the bearish trend will remain valid and active conditioned by the price stability below 1.0730.

 

The expected trading range for today is between 1.0600 support and 1.0750 resistance.

 

The expected trend for today: Bearish

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