Midday update for the EURUSD 31-01-2023

Economies.com
7 months ago

The EURUSD pair faces additional negative pressure to break 1.0845 level and heads towards potential visit to the key support levels between 1.0780 and 1.0745 levels, making the bearish bias suggested for the rest of the day, supported by moving below the EMA50, taking into consideration that breaching 1.0845 and holding above it again will reactivate the main positive scenario again.

 

The expected trading range for today is between 1.0750 support and 1.0900 resistance.

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The expected trend for today: Bearish for the rest of the day

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