The EURUSD breaches the resistance – Analysis - 23-06-2022

The EURUSD pair returned to breach 1.0550 level and settles above it, which leads the price to return to the correctional bullish track again, paving the way to achieve gains that start at 1.0670.

Therefore, the bullish bias will be suggested for today, supported by moving above the EMA50, noting that breaking 1.0550 will stop the positive scenario and press on the price to decline.

The expected trading range for today is between 1.0500 support and 1.0650 resistance.

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The expected trend for today: Bullish