The EURUSD attempts positively – Analysis - 06-01-2022

Economies.com
2022-01-06 05:11AM UTC

The EURUSD pair provided temporary positive trades yesterday, and returns to decline again to fluctuate around the EMA50 now, accompanied by witnessing negative signals through stochastic, thus, the chances valid to resume the expected bearish trend on the intraday basis, which targets 1.1150 as a next main station.

 

Breaking 1.1280 is required to ease the mission of achieving the mentioned target, reminding you that it is important to hold below 1.1375 to continue the bearish trend.

 

The expected trading range for today is between 1.1230 support and 1.1380 resistance.

 

The expected trend for today: Bearish

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