The EURUSD achieves the first target – Analysis - 02-08-2022

2022-08-02 04:12:51 GMT (Economies.com)
 

The EURUSD pair touched our first target at 1.0278 and attempts to breach it, reminding you that breaching this level will complete forming the double bottom pattern that supports our expectations to achieve additional gains that start at 1.0355 and extend to 1.0450.

 

Therefore, our bullish overview will remain valid and active supported by the EMA50, noting that holding above 1.0200 represents the first condition to continue the suggested bullish wave.

 

The expected trading range for today is between 1.0200 support and 1.0360 resistance.

 

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The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0265
0.0067
0.6597%
1.2139
0.0022
0.1816%
20.583
0.219
1.075%
92.262
3.784
4.277%
97.88
-1.74
1.75%
1796.970
15.295
0.859%
 
 
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