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The EURUSD faces negative pressure – Analysis - 03-08-2022
The EURUSD pair continued to decline to break 1.0200 level and settles below it, noticing that stochastic got rid of its positive momentum and begins to overlap positively now, waiting to motivate the price to resume the positive trades and head to test 1.0278 initially, reminding you that breaching this level will extend the bullish wave to reach 1.0355 followed by 1.0450 levels.
Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 1.0100 and holding below it.
The expected trading range for today is between 1.0120 support and 1.0270 resistance.
The expected trend for today: Bullish
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