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Midday update for the EURUSD 23-06-2022
The EURUSD pair faced strong negative pressure to break 1.0550 level, to show mixed trades that make us prefer to stay aside until we get clearer signal for the next trend, which we will get through breaking 1.0480 support or breaching 1.0550 resistance.
Note that breaking the mentioned support will put the price under more negative pressure to head towards 1.0355 as a next negative target, while breaching the resistance will lead the price to recover and visit 1.0670 areas on the near term basis.
The expected trading range for today is between 1.0440 support and 1.0600 resistance.
The expected trend for today: Neutral
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