Midday update for the EURUSD 29-12-2021
Economies.com
2021-12-29 10:18AM UTC
The EURUSD pair broke 1.1300 support line clearly and attempts to hold below it, which hints heading to activate the bearish trend scenario in the upcoming sessions, but we need to get a daily close below this level to confirm the continuation of the decline towards 1.1150.
Therefore, we will continue with our neutrality until the price confirms breaking the mentioned support or breaching 1.1375 resistance.
The expected trading range for today is between 1.1230 support and 1.1380 resistance.
The expected trend for today: Depends on the above mentioned levels
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