Midday update for the EURUSD 07-12-2022

1 month ago

The EURUSD pair touched the EMA50 and shows some slight bullish bias now, affected by stochastic positivity, and as long as the price is below 1.0515, the negative scenario will remain suggested, waiting to test 1.0425 followed by heading towards 1.0285 after surpassing the previous level, taking into consideration that breaching 1.0515 will stop the expected decline and lead the price to resume the bullish wave again.


The expected trading range for today is between 1.0360 support and 1.0520 resistance.


The expected trend for today: Bearish

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