Midday update for the EURUSD 29-04-2022
Economies.com
2022-04-29 10:47AM UTC
The EURUSD pair rallied upwards to breach the intraday bearish channel’s resistance and test the most important resistance at 1.0600, and it keeps its stability below it until now, accompanied by stochastic loss to the positive momentum clearly, waiting to motivate the price to resume the negative trades to head towards 1.0450 as a next main target.
Therefore, our bearish overview will remain valid unless breaching 1.0600 and holding above it.
The expected trading range for today is between 1.0470 support and 1.0600 resistance.
The expected trend for today: Bearish
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