The EURUSD begins positively – Analysis - 08-12-2021
Economies.com
2021-12-08 05:15AM UTC
The EURUSD pair traded with clear positivity by today’s open, to test the EMA50 that forms initial resistance at 1.1295, and attempts to protect the expected intraday negative scenario, which targets 1.1145 mainly.
Until now, the bearish trend still valid and suggested for the upcoming period, noting that breaching 1.1295 might push the price to achieve additional gains and test 1.1375 areas before any new attempt to decline.
The expected trading range for today is between 1.1200 support and 1.1350 resistance.
The expected trend for today: Bearish
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