The EURUSD builds support base – Analysis - 10-08-2022
Economies.com
2022-08-10 03:56AM UTC
The EURUSD pair tests the support base formed above 1.0200 level after breaching it yesterday, and the EMA50 meets this level to add more strength to it, while stochastic gains the positive momentum gradually.
Therefore, we believe that the chances valid to continue the expected bullish trend for the upcoming period, which its targets begin by breaching 1.0278 to open the way to head towards 1.0355 as a next station, noting that breaking 1.0200 might press on the price to decline towards 1.0100 areas before any new attempt to rise.
The expected trading range for today is between 1.0150 support and 1.0300 resistance.
The expected trend for today: Bullish
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