The EURUSD breaches the resistance – Analysis - 05-08-2022

2022-08-05 04:11:33 GMT (Economies.com)
 

The EURUSD pair managed to breach 1.0200 and close the daily candlestick above it, reinforcing the expectations of continuing the bullish trend, opening the way to achieve our positive targets that start at 1.0278 and extend to 1.0355 followed by 1.0450.

 

Moving above the EMA50 supports the expected rise, which will remain valid unless breaking 1.0200 and holding below it.

 

The expected trading range for today is between 1.0160 support and 1.0320 resistance.

 

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The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0265
0.0067
0.6597%
1.2139
0.0022
0.1816%
20.583
0.219
1.075%
92.262
3.784
4.277%
97.88
-1.74
1.75%
1796.970
15.295
0.859%
 
 
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