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Midday update for the EURUSD 18-08-2023
The EURUSD pair resumes its negative trading to move below 1.0880, reinforcing the expectations of continuing the bearish trend for the rest of the day, opening the way to head towards our next target at 1.0785.
Stochastic prepares to provide negative signals that reinforce the expectations to decline, noting that surpassing 1.0880 and holding above it will push the price to achieve intraday gains and visit 1.0955 before any new attempt to decline.
The expected trading range for today is between 1.0790 support and 1.0950 resistance.
The expected trend for today: Bearish
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