The EURUSD confirms the break - 24-05-2023
Economies.com
2023-05-24 03:49AM UTC
The EURUSD pair ended yesterday below 1.0795 level, falling under continuous negative pressure coming by the EMA50, to support the continuation of the bearish wave within the bearish channel that appears on the chart, and the way is open to visit 1.0730 that represents our next target, reminding you that breaking this level will push the price to 1.0650 as a next main station.
Therefore, the bearish trend will remain dominant in the upcoming sessions, taking into consideration that breaching 1.0795 will stop the expected decline and push the price to attempt to recover and build bullish wave on the intraday basis.
The expected trading range for today is between 1.0680 support and 1.0830 resistance.
The expected trend for today: Bearish
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