The EURUSD faces new negative pressure – Analysis - 19-01-2023
Economies.com
2023-01-19 05:24AM UTC
The EURUSD pair found solid resistance at 1.0890, to rebound bearishly and approach the key support 1.0745 again, noticing that the EMA50 forms good support against the price, waiting to push the pair to resume the main bullish wave that its next target located at 1.0915.
Until now, the bullish trend scenario will valid as long as 1.0745 level remains intact, as breaking it will press on the price to turn to decline and head towards 1.0625 mainly.
The expected trading range for today is between 1.0740 support and 1.0900 resistance.
The expected trend for today: Bullish
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