The EURUSD crawls downwards – Analysis - 07-12-2022

Economies.com
1 month ago

The EURUSD pair trades with calm negativity to move away from 1.0515 level, to hint continuing the decline on the intraday basis, targeting visiting 1.0425 followed by 1.0285 after breaking the previous level.

 

Therefore, the bearish bias will be suggested for today, noting that failing to break 1.0425 will lead the price to build bullish wave and attempt to resume the correctional bullish trend again.

 

The expected trading range for today is between 1.0360 support and 1.0520 resistance.

 

The expected trend for today: Bearish

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