Midday update for the EURUSD 12-05-2022
Economies.com
2022-05-12 09:17AM UTC
The EURUSD pair traded with strong negativity to succeed achieving our waited target at 1.0450 and presses negatively on it, to support the chances of continuing the domination of the bearish trend on the intraday and short term basis, noting that the next target extends to 1.0325, taking into consideration that holding below 1.0510 represents initial condition to continue the suggested bearish wave.
The expected trading range for today is between 1.0400 support and 1.0510 resistance.
The expected trend for today: Bearish
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