Midday update for the EURUSD 31-05-2022
Economies.com
2022-05-31 09:08AM UTC
The EURUSD pair continues to fluctuate at the bullish channel’s support line, and stochastic attempts to get rid of its negative momentum and gain the positive momentum on the intraday time frames, waiting to motivate the price to resume the bullish trend that its targets begin by surpassing 1.0770 to confirm rallying towards 1.0865 as a next station, reminding you that it is important to hold above 1.0725 and 1.0670 to continue the expected rise.
The expected trading range for today is between 1.0680 support and 1.0840 resistance.
The expected trend for today: Bullish
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