The EURUSD attempts to recover – Analysis - 17-05-2022
The EURUSD pair shows attempts to breach 1.0435 level but it faces solid resistance there, supported by stochastic negativity, to remain stuck between the trend keys represented by the mentioned resistance and 1.0405 support, waiting to surpass one of them to detect the next targets clearly.
We remind you that breaching the mentioned resistance will lead the price to achieve additional gains that reach 1.0490 and might extend to 1.0525, while breaking the support will put the price under the negative pressure again, to resume the main bearish trend that its next main target located at 1.0250.
The expected trading range for today is between 1.0350 support and 1.0510 resistance.
The expected trend for today: Neutral