The EURUSD declines calmly – Analysis - 06-06-2022
Economies.com
2022-06-06 04:25AM UTC
The EURUSD pair provided calm negative trades in the previous sessions to move away from 1.0770 level, reinforcing the expectations of continuing the intraday bearish trend, which targets testing 1.0670 level initially, noting that breaking this level will extend the bearish wave to reach 1.0600 followed by 1.0550 levels as next negative stations.
On the other hand, we should note that breaching 1.0770 will stop the expected decline and lead the price to achieve additional bullish correction that its next target reaches 1.0865.
The expected trading range for today is between 1.0640 support and 1.0790 resistance.
The expected trend for today: Bearish
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