The EURUSD achieves strong gains – Analysis - 17-06-2022
7 months ago

The EURUSD pair rallied upwards strongly yesterday after breaching 1.0490 level, to attack 1.0550 and attempts to breach it, but it closed the daily candlestick below this level, to start crawling negatively by today’s open, which encourages us to suggest the bearish bias for today, supported by stochastic negativity, waiting to visit 1.0470 followed by 1.0355 levels as next main stations.


Therefore, the bearish trend will be expected on the intraday basis, noting that breaching 1.0550 will stop the negative scenario and push the price to achieve new bullish correction that its next target reaches 1.0670.


The expected trading range for today is between 1.0440 support and 1.0600 resistance.


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The expected trend for today: Bearish

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