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Midday update for the EURUSD 20-10-2022
The EURUSD pair shows some bullish bias to test the key resistance 0.9790, and as we mentioned this morning, holding below this level is required to keep the bearish trend scenario active for today, supported by stochastic head to lose the positive momentum gradually, waiting to resume the bearish bias that its first main target located at 0.9700.
The expected trading range for today is between 0.9660 support and 0.9830 resistance.
The expected trend for today: Bearish
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