Midday update for the EURUSD 17-05-2022
Economies.com
2022-05-17 09:06AM UTC
The EURUSD pair trades with clear positivity to breach 1.0435 level and opens the way to achieve bullish correction on the intraday basis, approaching to test 1.0490 level now, and we expect the continuation of the rise to visit 1.0525 level as a next positive target, making the bullish bias expected in the upcoming sessions unless breaking 1.0435 level and holding below it.
The expected trading range for today is between 1.0400 support and 1.0525 resistance.
The expected trend for today: Bullish for the rest of the day
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