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The EURUSD breaks the support - 23-02-2023
The EURUSD pair managed to break 1.0650 level and hold below it, which reinforce the expectations of continuing the bearish trend efficiently in the upcoming sessions, opening the way to head towards our next negative target at 1.0515.
The EMA50 forms continuous negative pressure against the price, waiting for more decline on the intraday basis, noting that the price completed forming negative pattern that hast negative targets that surpass the above mentioned level to reach 1.0285 areas.
Therefore, the bearish trend scenario will remain suggested for the upcoming period conditioned by the price stability below 1.0745.
The expected trading range for today is between 1.0530 support and 1.0690 resistance.
The expected trend for today: Bearish
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