Midday update for the EURUSD 16-05-2022

2022-05-16 09:42:38 GMT (Economies.com)
 

The EURUSD pair surpassed 1.0405 level and settled above it, to head towards achieving more expected intraday bullish correction in the upcoming sessions, and we prefer to monitor the upcoming trading to confirm the next destination clearly, noting that breaching 1.0435 will push the price to 1.0490 as a next positive station, while breaking 1.0405 will reactivate the main negative scenario to head towards testing 1.0355 initially.

 

Therefore, we will stay aside temporarily until the price confirms surpassing one of the above mentioned levels.

 

The expected trading range for today is between 1.0350 support and 1.0480 resistance.

 

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The expected trend for today: Neutral

 
 
 
  Symbol Last Change Chg.%
1.0427
-0.0154
1.4550%
1.2096
-0.0176
1.4311%
19.698
-1.669
7.811%
108.022
0.605
0.563%
111.50
2.47
2.27%
1799.775
-29.770
1.627%
 
 
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