The EURUSD declines again - 05-06-2023
Economies.com
2023-06-05 04:03AM UTC
The EURUSD pair ended last Friday with clear negativity to settle below 1.0730 level, which puts the price within the bearish track again, on its way to resume the bearish trend and head to achieve negative targets that start at 1.0650 and extend to 1.0520 after breaking the previous level.
Therefore, the bearish trend will be expected for today, supported by the negative pressure formed by the EMA50, noting that breaching 1.0730 will stop the current negative pressure and lead the price to recover again.
The expected trading range for today is between 1.0610 support and 1.0760 resistance.
The expected trend for today: Bearish
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