The EURUSD begins positively - 26-05-2023

Economies.com
2023-05-26 04:11AM UTC

The EURUSD pair shows positive trades by today’s open to attempt to breach 1.0730 level, affected by stochastic positivity, but we will depend on the last daily candlestick below this level to continue suggesting the bearish trend for the upcoming period, which targets 1.0650 as a next station.

 

The EMA50 supports the suggested bearish wave, which moves organized inside the bearish channel that appears on the chart, taking into consideration that breaching 1.0730 followed by 1.0750 levels will stop the expected decline and lead the price to achieve additional gains and test 1.0795 initially before determining the next trend.

 

The expected trading range for today is between 1.0640 support and 1.0800 resistance.

 

The expected trend for today: Bearish

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