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The EURUSD declines calmly - 22-02-2023
The tight range dominates the EURUSD pair’s trades, which declines calmly, to fluctuate near 1.0650 level, and as we mentioned yesterday, breaking this level will reinforce the chances of continuing the expected bearish trend for the upcoming period, which its next main target located at 1.0515.
Therefore, we will continue to suggest the bearish trend for the upcoming period, which gets continuous support by the EMA50, reminding you that holding below 1.0745 is important to achieve the waited targets, as breaching it will lead the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 1.0570 support and 1.0725 resistance.
The expected trend for today: Bearish
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