The EURUSD builds positive formation – Analysis - 01-08-2022

2022-08-01 04:16:17 GMT (Economies.com)
 

The EURUSD pair trades positively to gradually approach our first waited target at 1.0278, and by taking a deeper look at the chart, we find that this level forms the confirmation line to positive pattern that has positive targets that surpass 1.0355 to reach 1.0450.

 

Therefore, we expect to witness more rise in the upcoming sessions supported by the EMA50 that carries the price from below, reminding you that the continuation of the bullish wave depends on the price stability above 1.0100.

 

The expected trading range for today is between 1.0170 support and 1.0320 resistance.

 

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The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
0.9802
0.0147
1.5193%
1.1165
0.0345
3.1856%
19.049
0.190
1.008%
80.050
0.756
0.953%
87.96
-0.53
0.60%
1664.495
19.135
1.163%
 
 
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