The EURUSD breaks the support – Analysis - 15-08-2022

The EURUSD pair managed to confirm breaking 1.0278 level to reinforce the expectations of continuing the bearish trend domination, opening the way to achieve negative targets that start at 1.0200 and extend to 1.0100 after breaking the previous level.

Therefore, we will continue to suggest the bearish trend for the upcoming period, taking into consideration that breaching 1.0278 will stop the expected decline and lead the price to recover again.

The expected trading range for today is between 1.0150 support and 1.0300 resistance.

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The expected trend for today: Bearish