The EURUSD attempts to breach – Analysis - 08-12-2022

Economies.com
1 month ago

The EURUSD pair attempted to breach 1.0515 level but it keeps its stability below it, to keep the bearish trend scenario active, waiting to visit 1.0445 level initially, reminding you that breaking it will push the price to 1.0285 as a next negative target.

 

On the other hand, we should note that breaching 1.0515 and holding above it will push the price to resume the correctional bullish trend and head to achieve new gains that start at 1.0600 and extend to 1.0745.

 

The expected trading range for today is between 1.0410 support and 1.0570 resistance.

 

The expected trend for today: Bearish

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