Midday update for the EURUSD 30-05-2023
Economies.com
2023-05-30 09:16AM UTC
The EURUSD pair provided additional negative trades to approach our waited target at 1.0650, reinforcing the expectations of continuing the bearish trend in the upcoming sessions, noting that breaking this level will extend the bearish wave to reach 1.0520 areas on the near term basis.
In general, the bearish trend scenario will remain active for today unless the price rallied to breach 1.0735 and hold above it.
The expected trading range for today is between 1.0640 support and 1.0790 resistance.
The expected trend for today: Bearish
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