Midday update for the EURUSD 31-03-2023

2 months ago

The EURUSD pair shows some slight bearish bias now, affected by stochastic negativity, waiting to gather enough positive momentum to push the price to resume the bullish wave that targets 1.1032 areas as a next main station.


Until now, the bullish trend scenario still valid and active, supported by the EMA50, noting that breaking 1.0850 will press on the price to achieve intraday decline that targets testing the key support 1.0745 before any new attempt to rise.


The expected trading range for today is between 1.0840 support and 1.1000 resistance.


The expected trend for today: Bullish

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