Midday update for the EURUSD 10-03-2023

The EURUSD pair fluctuate positively now, attempting to surpass the EMA50, while stochastic continues to provide the negative signals on the intraday time frames.

Therefore, we will keep our bearish overview for today, which depends on the price stability below 1.0645, reminding you that our first target is located at 1.0515.

Note that it is important to be aware during the upcoming trades, especially at the time of releasing the US economic data, which might cause high volatility for the major currencies’ pairs and commodities.

The expected trading range for today is between 1.0490 support and 1.0650 resistance.

The expected trend for today: Bearish