Midday update for the EURUSD 16-08-2022
Economies.com
2022-08-16 10:01AM UTC
The EURUSD pair shows more bearish bias to reach the thresholds of 1.0100 level, and we expect the continuation of the negative pressure in the upcoming sessions, noting that surpassing this level will extend the bearish wave to reach 1.0010 as a next main station, noting that the continuation of the bearish wave depends on the price stability below 1.0200.
The expected trading range for today is between 1.0080 support and 1.0220 resistance.
The expected trend for today: Bearish
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